Adani Ports & Special Economic Zone Ltd. (APSEZ), India’s largest private port operator, has raised US$125 million through a foreign currency loan from Mitsubishi UFJ Financial Group (MUFG). This is part of a broader fundraising push by the Adani Group to strengthen its financial position and support business growth.
The loan is a bilateral deal, meaning it was signed between just two parties (APSEZ and the Japanese bank MUFG) without a group of banks involved. The loan has a four-year term and is priced at 215 basis points over the Secured Overnight Financing Rate (SOFR), a widely used global benchmark for interest rates.
According to people familiar with the matter, the funds will be used for:
This kind of loan not only provides financial flexibility but also signals that international banks are willing to back Adani’s port business even after past controversies surrounding the group.
The new loan comes at a time when investor confidence in Adani Group companies is clearly improving. Over the past 6 months, the group has signed over US$10 billion in new credit facilities, which is about one-third of its total debt.
Global credit rating agency S&P Global Ratings recently raised its outlook on 3 Adani units, including APSEZ, citing the group’s strong access to funding and improving financial stability.
This latest loan from MUFG adds to that positive momentum and shows that APSEZ continues to be seen as a reliable borrower in global markets.
Adani Ports has built a massive logistics and port infrastructure network across India. As of now, it:
Continued investments in port infrastructure are expected to support long-term growth, especially as India’s economy expands and trade volumes rise.
Read more: Gautam Adani Steps Down from Adani Ports Executive Chair Role Due to Compliance Shift.
The US$125 million loan from MUFG marks another step forward for Adani Ports as it focuses on strengthening its balance sheet and expanding operations. The deal is also a sign of the growing confidence that global lenders have in APSEZ’s business model and future plans.
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Published on: Aug 21, 2025, 9:39 AM IST
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