AEML Liability Management Means Less Debt, More Stability
Newzdaddy Business Updates
Adani Electricity Mumbai Ltd (AEML) has just concluded a smart financial move: it repurchased USD 44.661 million of its senior secured notes due 2031. This means AEML liability management is paying off, as the outstanding debt is now reduced to approximately USD 255.3 million.
AEML liability management is nothing new—it follows earlier steps like a USD 120 million tender offer in November 2023 and a USD 49.5 million open market repurchase in June 2025. This chain of actions highlights how AEML liability management is being handled thoughtfully and steadily over time.
This all ties back to AEML liability management. By reducing debt using cash it already has, AEML stays strong and flexible. That’s smart business. It can keep growing, investing in clean power, and serving Mumbai without extra borrowing. It’s a clear example of steady, responsible financial planning in action.
USD 120 Mn tender (Nov 2023) and USD 49.5 Mn repurchase (Jun 2025). Funded via internal cash flows, showcasing strong cash generation and balance sheet flexibility. Adani Electricity Mumbai Ltd. (“AEML”) refers to the USD 300 Mn 3.867% Senior Secured Notes due 2031 issued on 15 July 2021 (the “Notes”). Adani Electricity Mumbai Ltd. (AEML), the Mumbai distribution arm and a subsidiary of Adani Energy Solutions Ltd. (AESL), has repurchased and cancelled USD 44.661 million of its USD 300 million 3.867% Senior Secured Notes due 2031. The buyback, funded through internal cash flows, reduces the outstanding principal to USD 255.339 million.
This move is part of AEML’s ongoing capital management plan. Earlier, the company completed a USD 120 million tender offer in November 2023 and a USD 49.5 million open market repurchase in June 2025 under its USD 1,000 million 3.949% Senior Secured Notes due 2030. These actions highlight AEML’s strong cash generation and financial flexibility.AEML may consider further liability management exercises, subject to market conditions, which could materially reduce outstanding debt across maturities. This announcement is not an offer to sell or purchase securities.
AEML bought back USD 44.7 Mn of its USD 300 Mn 3.867% Notes due 2031, cutting the outstanding to USD 255.3 Mn. This shows AEML is steadily paying back debt. It now owes less money, which is a smart step for long-term stability. Follows earlier liability management USD 120 Mn tender (Nov 2023) and USD 49.5 Mn repurchase (Jun 2025).AEML has done this before, buying its own bonds, so it has been consistently reducing debt. That helps it save money on interest over time. Funded via internal cash flows, showcasing strong cash generation and balance sheet flexibility. AEML did not borrow money to buy back debt; they used money they already earned. This means they have healthy earnings and enough cash on hand.
AEML is part of Adani Energy Solutions Ltd (AESL), which is one of India’s largest private power companies handling transmission, distribution, smart metering, and cooling. AESL operates more than 26,600 circuit km of electricity lines and owns assets worth tens of billions of rupees. AESL serves over 3 million customers in Mumbai alone and has highly reliable services. Their network covers around 400 km² of the city, and they aim for 99.99% service reliability. AESL and AEML are part of the Adani Group, a large business group that focuses on energy, infrastructure, and sustainability.
AESL invests billions in green infrastructure. For example, it has plans for $4.5 billion in green power projects, such as transmission and distribution upgrades to support cleaner energy, especially in Mumbai.AESL has improved its environmental performance rankings over time—for example, in climate change, water stewardship, and supplier engagement through CDP scoring improvements. In the big picture, the Adani Group is also building the world’s largest renewable power plant in Gujarat. The project spans 200 square miles and aims to power millions of homes using solar and wind energy.