Adani Green Energy has signed an agreement to borrow $250 million from some global lenders in its first foreign currency loan since the row with the US Department of Justice. Many leaders in the US had also criticised the DoJ’s move as one that undermined economic collaboration and trust.

The DoJ’s indictment of Adani Group Chairman Gautam Adani was a strategic blunder with severe geopolitical consequences, Forbes had said.

In the latest fundraise, four banks – DBS Bank, DZ Bank, Rabobank, and Bank SinoPac – will lend funds to Adani Green Energy to service a debt.

The loan will carry an interest of 8.20 per cent and have a five-year tenor.

Adani Green Energy sales had surged 42 per cent (year-on-year) in the April-June quarter to 10,479 million units, as operational renewable energy (RE) capacity grew 45 per cent to 15.8 gigawatt, which continues to be India’s largest.

While revenue growth increased by 31 per cent (on-year) to Rs 3,312 crore, EBITDA also went up by 31 per cent to Rs 3,108 crore.