As shares of Gautam Adani’s conglomerate recuperate from an epic rout, the large query looming over the Indian tycoon is whether or not he can persuade buyers and lenders to again his capital-hungry companies with contemporary money.

Few components of Adani’s empire underscore the urgency of that funding for the billionaire — and in addition for the federal government of Indian Prime Minister Narendra Modi — higher than Adani Transmission Ltd.