Adani Enterprises Limited (NCD)

NCD Allocation :

Adani Enterprises NCD Jan 2026 Detail :

Adani Enterprises Limited NCD Rating given as following :

Adani Enterprises Limited NCD Coupon Rates :

Requirement of Funds and Utilization of Net Proceeds :

The following table details the Objects of the Issue and the amount proposed to be financed from Net Proceeds :

The main objects clause of the Memorandum of Association of our Company permits the Company to undertake its existing activities as well as the activities for which the funds are being raised through the Issue.

Company Financial (In ₹Crore)

Strength

Leading Business Incubator with Proven Track Record: The company is one of India’s largest listed business incubators by market capitalisation, with operations since 1993. It has successfully incubated and scaled multiple sustainable infrastructure businesses and unlocked shareholder value through strategic demergers into independently listed entities.

Strong Project Execution & Management Expertise: With decades of experience, the company has built deep capabilities in identifying, bidding, executing, and managing large infrastructure projects. All incubated projects to date have been successfully executed, leveraging group-wide managerial expertise across sectors.

Diversified Infrastructure Portfolio with Long-Term Growth Potential: The company operates across diversified verticals including energy & utilities, transport & logistics, primary industries, and airports. Its assets are strategically located, operate under stable regulatory frameworks, and benefit from India’s strong GDP growth outlook, positioning the company well for sustained long-term expansion.

Weakness

Limited Operating History of Certain Businesses: Several business verticals, including new energy ecosystems, airports, roads, data centers, defence, water, and metals are at early stages with limited operating history. As a result, past financial performance may not be a reliable indicator of future results, cash flows, or growth prospects.

Dependence on Demand for Imported Coal: The integrated resources management business relies on sustained demand for imported coal in India and the ability to source coal at competitive prices and quality. Changes in coal demand due to economic conditions, alternative energy adoption, fuel substitution, or shipping costs could adversely affect operations and financial performance.

Customer Concentration Risk in Mining Services: Revenue from mining services and commercial mining depends on the ability to maintain and expand the customer base. Failure to secure new contracts or retain existing customers may impact revenue visibility and operational performance.