Adani Enterprises is planning to raise funds by issuing $1.5 Bn global bond to fund its Australian coal, rail and port projects.

In August 2010, Adani Group had signalled its grand plan for Australia with the $3 bn purchase of Linc Energy’s coal tenements in the Galilee Basin, Australia’s single largest tenement, with a resource of 10.4 bn tonnes of coal.

The company plans to invest a further $7 bn in Australia over the next few years in the coal mine, the Abbot Point port project, and a 450 km track system that will connect the two.

Adani Enterprises is expecting the requisite environment and other regulatory approvals by mid-2013 and the first tranche of mining is expected to start from January 2016. The group’s coal assets in Australia and Indonesia would help secure fuel for its Indian power firm Adani Power, which will have an installed capacity of 10,000 mw by mid 2013.

Promoters are expected to divest 15%-20% stake in Adani Port and SEZ Ltd (APSEZ) in the coming months in order to restructure its finances to reduce debt.

Earlier this year, Adani Enterprises announced its plan to exit real estate business to focus on it's new mining venture and focus on it's core businesses of ports, power and energy and was expecting to raise R2000Cr through this divestment.

In March this year, Adani Enterprise acquired 2 acre plot in Mumbai from Housing Development and Infrastructure Ltd.

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