New Delhi, Jan. 23 -- Adani Power raised nearly Rs 7,500 crore from top institutional investors through the issuance of non-convertible debentures (NCDs), sources familiar with the development told ANI. This marks the Adani Group's largest domestic bond issuance to date.

According to sources, major investors in the NCD issue include SBI, ICICI Bank, Axis Bank, and Kotak Mahindra Bank, among others.

The proceeds from the fundraise are expected to be used for general corporate expenses and other requirements, they said.

Adani Power, the group's thermal power arm, currently operates 18 GW of installed capacity and has outlined plans to scale this up to 42 GW by FY32.

As per the company's latest consolidated financial results, Adani Power...