Mumbai: Adani Ports and Special Economic Zone Ltd. (APSEZ) has received a USD 150 million loan from DBS Bank, a leading financial group based in Singapore. The money will be used to fund the company’s expansion and capital spending plans. This four-year loan marks the first time Adani has secured a direct loan from a global bank since the U.S. Department of Justice filed bribery-related charges against the group in November last year.
This new loan is seen as a sign that global banks are slowly regaining confidence in the Adani Group. The loan’s interest rate is around 200 basis points above the Secured Overnight Financing Rate (SOFR), making the total cost of borrowing about 5.5 per cent when hedging costs are included. DBS has not commented on the deal, and Adani has also not shared further details.
Recently, Adani Group has been making more efforts to raise money from global investors. Just last month, it raised about USD 750 million by selling offshore bonds. Around one-third of that amount was reportedly taken up by major investment firm BlackRock.
At the same time, Adani is in talks with several international banks — including Barclays, First Abu Dhabi Bank, and Standard Chartered — to borrow another USD 750 million. This loan would help fund its airport operations.
In another positive development, Adani Ports reported a strong financial performance for the fourth quarter of FY25. The company posted a 47.8 per cent jump in net profit, reaching Rs 3,014.22 crore. This beat analysts’ expectations. The rise in profits was mainly due to an 8 per cent increase in cargo traffic, especially in container shipping.
Total revenue for the quarter also rose sharply by 23.1 per cent year-on-year, reaching Rs 8,488.44 crore. Total expenses rose by about 21 per cent to Rs 5,382.13 crore.
These developments show that Adani Ports is bouncing back strongly, with better business performance and renewed support from global lenders.
