Adani Cement completes refinancing package

Adani Cement, through Endeavour Trade and Investment Ltd, announced the successful completion of its refinancing programme for acquisition debt taken for Ambuja Cements and ACC Ltd, through a US$3500m financing package, raised from a clutch of international banks. 

This showcases Adani's robust access to the global financial market and strong liquidity position, says the company. “This achievement reflects our commitment to financial stability and growth. This facility will result in an overall cost saving of ~ US$300m for the Adani Cement vertical,” Adani Cement added.