Adani Electricity Mumbai Ltd (AEML), a key subsidiary of Adani Energy Solutions Ltd. (AESL), has taken another significant step in its ongoing capital management strategy. On 5th September, the company confirmed that it has repurchased senior secured notes worth USD 44.66 million, a full six years ahead of their scheduled maturity in 2031. This buyback was executed through open market transactions and is seen as a proactive approach to managing long-term liabilities.
The transaction specifically involved the repurchase and cancellation of part of AEML’s USD 300 million senior secured notes carrying an interest rate of 3.867 per cent, originally due in 2031. With this buyback, the outstanding principal on these notes has been reduced to USD 255.34 million. What makes the move notable is that the buyback was fully funded from the company’s internal cash flows, reflecting its ability to generate strong liquidity without relying on external borrowing.
Building on Previous Liability Management Efforts
This is not the first time AEML has undertaken such an exercise. The company has been consistently working to streamline its debt profile over the past two years. In November 2023, it successfully completed a USD 120 million tender offer, and in June 2025, it carried out another USD 49.5 million repurchase of senior secured notes originally worth USD 1,000 million at 3.949 per cent, due in 2030. These sequential actions demonstrate a sustained and deliberate focus on reducing leverage and improving financial health.
AEML has emphasised that these debt repurchases underline its robust cash generation capacity and financial flexibility. By bringing down the outstanding debt ahead of schedule, the company positions itself more securely to manage future interest obligations and respond effectively to market fluctuations. Moreover, the reduced debt burden enhances investor confidence, showing that AEML is not only servicing but also strategically reshaping its liabilities.
Looking Ahead and Scope for Further Action
The company has not ruled out additional liability management initiatives in the near future. AEML stated that it may consider further debt repurchases or restructuring, depending on market conditions, which could result in a substantial reduction in outstanding borrowings across maturities. Such flexibility signals a proactive stance towards maintaining a lean balance sheet while balancing growth opportunities in power distribution and infrastructure.
As a subsidiary of Adani Energy Solutions Ltd (AESL), AEML plays an integral role in the group’s energy business, with operations spanning power generation, transmission, and retail electricity distribution. The latest financial moves not only strengthen AEML’s standalone credit profile but also align with AESL’s broader objective of building a financially resilient, future-ready energy business.
Remarkable Growth Trajectory
The maritime infrastructure landscape in India continues to witness unprecedented expansion, with Adani Ports and Special Economic Zone Limited (APSEZ) leading this transformative journey. As the nation's most comprehensive integrated transport utility company, APSEZ has demonstrated exceptional operational excellence by achieving a substantial 16% year-over-year increase in cargo handling capabilities during August 2025. The company successfully managed an impressive 41.9 million metric tons (MMT) of diverse cargo categories, establishing new industry standards and reinforcing its position as a cornerstone of India's international trade ecosystem.
Exceptional Container Performance Metrics
The most significant contributor to APSEZ's remarkable growth trajectory was the extraordinary performance in container operations, which experienced a robust 29% surge compared to the corresponding period in the previous year. This increase in container traffic volumes underscores the company's strategic positioning within India's rapidly expanding containerized cargo sector and highlights its operational efficiency in managing complex logistics operations.
The container segment's outstanding performance reflects not only APSEZ's operational capabilities but also the broader economic momentum driving India's trade activities. This growth demonstrates the company's ability to adapt to increasing demand while maintaining service quality and operational reliability across its extensive port network.
Record-Breaking Terminal Achievements
Mundra Port, serving as APSEZ's flagship maritime gateway strategically positioned along India's western coastline, delivered a series of unprecedented operational achievements throughout August 2025. The port's performance exceeded all previous benchmarks, establishing new industry standards across multiple operational categories.
The T2 terminal facility achieved its highest-ever monthly throughput capacity, successfully processing 1,29,780 Twenty-foot Equivalent Units (TEUs). This achievement represents a significant milestone in container handling efficiency and demonstrates the terminal's enhanced operational capabilities.
The AMCT (CT2) terminal facility established a new operational milestone by handling 1,04,793 TEUs across 40 individual vessels during the month. This achievement surpassed the terminal's previous best performance of 1,01,441 TEUs recorded in July 2023, demonstrating consistent year-over-year improvement in handling capacity and operational efficiency.
Revolutionary RoRo Operations Performance
Mundra Port's Roll-on/Roll-off (RoRo) operations segment achieved a remarkable single-day performance record on August 29, 2025, by successfully wharfing 1,460 automobiles. This exceptional daily achievement surpassed the previous record of 1,435 vehicles established in March 2025, showcasing the port's enhanced capabilities in automotive cargo handling and its growing importance in India's automobile export infrastructure.
Outstanding Outward Container Operations
The port's container and rail integration systems recorded exceptional performance levels during the reporting period. Mundra Port successfully handled 0.97 lakh outward container TEUs across 756 import rakes, significantly exceeding the previous operational record of 0.94 lakh TEUs. This achievement highlights the seamless integration between maritime and rail transportation networks.
The implementation of double stack handling technology reached new operational peaks with 542 import rakes carrying 0.31 lakh TEUs. The overall double stack operational volumes achieved 0.50 lakh TEUs, comprising 0.19 lakh export containers and 0.31 lakh import containers across 885 rakes. This performance surpassed the earlier benchmark of 0.46 lakh TEUs established in July 2025, demonstrating continuous operational improvement and technological advancement.
Strategic Economic Significance and Regional Impact
Beyond achieving operational excellence and breaking performance records, Mundra Port maintains profound economic and strategic importance for both the regional economy of Gujarat and the broader national trade infrastructure. The port's strategic location in the Kutch region of Gujarat has enabled it to emerge as an indispensable hub for international trade operations. Mundra Port has established itself as India's largest commercial port facility and serves as the nation's primary gateway for diverse cargo categories including containerized goods, bulk commodities, and liquid cargo shipments. This strategic positioning makes it a critical enabler of India's international trade relationships and economic growth objectives.
APSEZ's exceptional performance in August 2025 represents more than operational success; it demonstrates India's growing capacity to handle increasing international trade volumes while maintaining world-class service standards. The company's achievements across container operations, rail integration, and specialized cargo handling reinforce its position as a critical enabler of India's economic growth and international trade expansion.
The sustained growth across multiple operational segments, combined with record-breaking performances at flagship facilities like Mundra Port, positions APSEZ as a key driver of India's maritime infrastructure development and international trade facilitation. These achievements underscore the company's commitment to operational excellence while contributing significantly to India's broader economic development objectives.
. . .
References: