Adani Energy Solutions Issues $500 Million Senior Secured Notes to Refinance Existing Debt

Ahmedabad, 12 March 2026 – Adani Energy Solutions Limited (AESL) announced that its wholly owned subsidiary Adani Transmission Step One Limited (ATSOL) has executed a Note Purchase Agreement for the issuance of $500 million Senior Secured Notes due 2041.

The issuance is aimed at fully refinancing ATSOL’s existing $500 million Senior Secured Notes, which are due in July 2026. The new notes have received investment-grade ratings of BBB-/Stable by Fitch Ratings and Baa3/Stable by Moody’s.

The refinancing transaction was structured through ATSOL Global IFSC Limited, a wholly owned subsidiary incorporated in GIFT City, Gujarat, which will issue the proposed notes to replace the maturing debt. ATSOL has also issued a notice of redemption to holders of the existing notes.

This move underscores AESL’s strategic financial management, ensuring long-term debt sustainability while maintaining access to capital markets for infrastructure financing.

About Adani Energy Solutions:
Adani Energy Solutions Limited, part of the Adani Group, focuses on power generation, transmission, and energy infrastructure solutions in India, combining operational excellence with strategic financing to support India’s energy transition.