Adani Group Poised to Raise Another $2 Billion, FY26 Fundraising to Reach $5 Billion

The Adani Group is expected to raise up to $2 billion more over the coming quarters, as per a Moneycontrol report. If executed, this will take its total fundraising for FY26 to around $5 billion. The capital will be raised through a mix of instruments including non-convertible debentures (NCDs), equity infusions, and project-level refinancing.

Recent Funding Breakdown

Adani Enterprises Ltd (AEL) is set to raise ₹1,000 crore through NCDs starting July 9, 2025. The bonds carry an interest rate of 9.3% per annum for a 5-year term. Adani Green Energy Ltd (AGEL) received $1.43 billion from the Adani family and $300 million from TotalEnergies earlier this year. Adani Energy Solutions Ltd (AESL) has board approval to raise ₹4,300 crore via a qualified institutional placement.

In March, AGEL completed a $1.06 billion refinancing linked to renewable energy projects in Rajasthan. In June, Adani group entities raised $750 million via bonds subscribed to by global investors including BlackRock and Apollo. LIC also invested ₹5,000 crore in bonds issued by Adani Ports & SEZ.

Read More: Adani Group Set for Major Expansion with $100 Billion Capex!

Adani Group Expansion Plan

The group is executing several large infrastructure and energy projects. AGEL is developing the 30 GW Khavda Renewable Energy Park in Gujarat. AESL, which also distributes electricity in parts of Mumbai, is exploring the acquisition of transmission assets from Megha Engineering & Infrastructures Ltd, as per news reports.

Since January 2025, the group has raised about $3.2 billion through various channels. These include promoter and joint venture infusions, bond issues, and refinancing arrangements tied to operational assets.

Conclusion

The Adani Group’s capital raising continues across multiple businesses. The planned $2 billion raise, if completed, would bring its FY26 funding activity to $5 billion, supporting its ongoing infrastructure and energy projects.

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