Adani Enterprises Limited (AEL) has announced the incorporation of a new step-down wholly owned subsidiary, CG Syn-Gas & Chemicals Limited (CSGCL), marking its entry into the chemical manufacturing sector. The new entity, established through AEL's subsidiary Mundra Synenergy Limited (MSEL), was incorporated on August 23, 2025.

Key Details of the New Subsidiary

Financial Structure

CSGCL has been incorporated with an initial subscribed capital of Rs. 5,00,000, divided into 50,000 equity shares with a face value of Rs. 10 each. Mundra Synenergy Limited will hold 100% of the share capital in this newly formed subsidiary.

Current Status

As per the regulatory filing, CG Syn-Gas & Chemicals Limited is yet to commence business operations and currently has no turnover. The company is poised to enter the chemical manufacturing sector, potentially expanding Adani Enterprises' portfolio in this industry.

Regulatory Compliance

Adani Enterprises Limited has made this announcement in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Circular dated November 11, 2024. The company confirmed that no governmental or regulatory approvals were required for this incorporation.

Strategic Implications

This move suggests Adani Enterprises' intent to diversify its business interests and potentially capitalize on opportunities in the chemical sector. The incorporation of CSGCL could signal the group's plans to expand its presence in the manufacturing of chemicals and chemical products, which may complement its existing business operations.

As CG Syn-Gas & Chemicals Limited begins its operations, industry observers will be keen to see how this new venture contributes to Adani Enterprises' overall growth strategy and its impact on the group's position in the chemical industry.

Adani Enterprises , one of India's largest conglomerates, has made significant strides in strengthening its financial position with two of its units successfully raising a combined $275 million through foreign currency loans. This move comes as part of the group's ongoing efforts to diversify its funding sources and optimize its debt structure.

Airport Unit Secures Syndicated Loan

Adani Airport Holdings, the group's airport management arm, has successfully secured $150 million through a syndicated loan. The transaction involved participation from several global financial institutions, including:

• Barclays
• DBS Bank
• First Abu Dhabi Bank
• Mitsubishi UFJ Financial Group

The loan for the airport unit is priced at 300 basis points over the Secured Overnight Financing Rate (SOFR), reflecting the current market conditions and the company's credit profile.

Ports Unit Raises Funds Through Bilateral Deal

In a separate transaction, Adani Ports & Special Economic Zone (APSEZ), a key player in India's port infrastructure, raised $125 million through a bilateral deal with Mitsubishi UFJ Financial Group. This loan is priced more favorably at 215 basis points over SOFR, potentially indicating the market's positive view of APSEZ's financial strength and growth prospects.

Loan Terms and Utilization

Both loans share similar terms, with a four-year maturity period. The proceeds from these transactions are earmarked for two primary purposes:

1. Dollar bond buybacks
2. Capital expenditure

This strategic allocation of funds suggests that the Adani Group is actively managing its debt profile while also investing in growth opportunities.

Broader Financial Context

The successful raising of these offshore loans is part of a larger financial strategy being implemented by the Adani Group. Over the past six months, the conglomerate has signed over $10 billion in new credit facilities, which represents approximately one-third of their total debt. This significant influx of new financing demonstrates the group's ability to access capital markets and maintain investor confidence.

Improved Credit Outlook

The group's efforts to strengthen its financial position have not gone unnoticed by rating agencies. S&P Global Ratings recently raised the outlook on three Adani units, citing improved access to credit. This positive revision in outlook could potentially lead to better borrowing terms for the group in future financial transactions.

Conclusion

The successful raising of $275 million in offshore loans by Adani Airport Holdings and Adani Ports & Special Economic Zone underscores the Adani Group's continued access to international capital markets. As the conglomerate continues to diversify its funding sources and optimize its debt structure, these latest financial maneuvers are likely to support its growth strategies and strengthen its position in key infrastructure sectors.