Adani Ports Secures $150 Million from DBS for Expansion

Adani Ports and Special Economic Zone Ltd. (APSEZ) has secured a $150 million loan from DBS Group Holdings Ltd., a bank based in Singapore. The loan has a tenure of 4 years and will be used to fund capital expenditure. The agreement is the Adani group’s first bilateral loan from an international bank since the U.S. Department of Justice filed bribery-related charges against it in November 2024.

As of 11:42 AM on May 23, 2025, APSEZ share price was trading at ₹1,391.60, a 1.47% increase, with a 17.94% increase over the past 6 months and a 4.66% drop over the past year.

Loan Structure and Costs

According to news reports, the facility has been priced at about 200 basis points above the Secured Overnight Financing Rate (SOFR). After including hedging costs, the total borrowing cost is estimated to be around 5.5%. 

Other Fundraising Activities

In April, the Adani Group raised close to $750 million through an offshore bond issuance. A third of the issue was reportedly taken up by BlackRock Inc. The proceeds were allocated toward acquiring a construction company.

The group is also in discussions with multiple international banks – Barclays Plc, First Abu Dhabi Bank PJSC, and Standard Chartered Bank Plc, for an additional $750 million loan, intended for its airport operations.

Q4 FY25 EarningsResults

For the fourth quarter of FY25, Adani Ports reported a net profit of ₹3,014.22 crore, reflecting a 47.8% increase from the previous year. Cargo volume grew by 8% year-on-year, reaching 117.9 million metric tonnes. This was largely driven by increased container traffic.

Revenue for the quarter stood at ₹8,488.44 crore, up 23.1% year-on-year. Expenses rose to ₹5,382.13 crore, an increase of 20.93% compared to the same period last year.

Read more: What Are the Top 3 Stocks of Adani?

Conclusion

The loan from DBS adds to a series of funding moves by Adani Group as it continues to finance operations and expansions across its business verticals.

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