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IREDA To Raise Rs 4,500 Crore Via QIP

IREDA (Indian Renewable Energy Development Agency), recently received approval to raise Rs 4,500 Crore Fundraise Via qualified institutional placement (QIP). The public limited government company in principle received approval from the Board of Directors of IREDA to raise funds in one or more tranches. The Department of Investment and Public Asset Management (DIPAM), conveyed the […]

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Adani Energy Solutions Raises Rs 8,373 Crore From QIP Route

Gujarat-based Adani Energy Solutions Limited (AESL), recently completed its Rs 8,373 crores (USD 1 billion) Qualified Institutional Placement (QIP). This QIP marks AESL’s first equity raise in the capital market since its demerger and listing from Adani Enterprises Limited (AEL) in July 2015. Adani Energy has a base deal size of Rs. 5,861 crore (USD […]

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Sterling & Wilson Renewable Energy Raises INR 1,500 Cr via QIP Route

Sterling & Wilson Renewable Energy Limited (SWRE) has announced the completion of a fundraise of INR 1,500 crore through Qualified Institutions Placement (QIP) route. The Securities Issuance Committee of Board of Directors, at its meeting held on December 14, 2023, approved the issue and allotment of 4,32,27,665 equity shares of face value Re. 1 each […]

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Gujarat’s Borosil Renewables Raises Rs 200 Crore via QIP

Borosil Renewables has raised Rs 200 crore by issuing 1.58 crore shares through qualified institutional placement (QIP) India’s first and only solar glass manufacturer Borosil Renewables Ltd (BLR) has raised Rs 200 crore by issuing 1.58 crore shares through qualified institutional placement (QIP). As per the company’s statement, BRL has successfully completed fundraising of Rs […]

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Green Stocks July 3- Stocks Continue To Struggle

With the July 9 ‘deadline’ for an Indo-US trade agreement coming closer all the time, markets were understandably nervous about the possible outcomes. An expiry day further kept prices subdued, leading to a few breakouts among green stocks as well. Waaree Energies and Waaree RTL, however, did make an earnest push to gain ground, on […]

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KPI Green Eyes Larger IPP Portfolio to Fuel Earnings

Indian clean energy EPC firm KPI Green Energy has now planned to boost its Independent Power Producers (IPP) portfolio to increase its revenue. This is seen as a transition from its current predominant portfolio of developing captive renewable energy projects. The top management of the firm recently discussed their roadmap for the firm’s journey in […]

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Q3 Results: KPI Green Revenues Up 60%, PAT Grows 86% In Q3

Gujarat-based KPI Green Energy continues to demonstrate strong financial growth, with an increase in its turnover in the third quarter of FY 2024-2025 (Q3 FY 2024-2025). The company’s total revenue recorded, Rs. 466.1 crore, reflected a 40.6% increase from 331.33 crore in Q3 FY 2023-2024. This growth is driven by expanded project execution, increased capacity […]

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H1: IREDA Loan Sanctions Rise 303%, Disbursements Grows 56%

Indian Renewable Energy Development Agency Limited (IREDA),has reported a 303% growth in loan sanctions, rising to Rs. 17,860 crore in the first half of FY 2024-25, compared to Rs. 4,437 crore during the same period in FY 2023-24. These are provisional figures as of September 30, 2024. IREDA’s loan disbursements also showed significant growth, increasing […]

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NTPC Green Energy plans $1.2 billion IPO

State-owned NTPC’s green arm, NTPC Green Energy, has filed draft papers for an initial public offering (IPO) to raise about $1.2 billion (about ₹10,000 crore). NTPC Green Energy, floated in 2021, was set up with the express purpose of a dedicated approach to green energy capacity creation for NTPC, which has a target of 60 […]

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