iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Adani Green Energy raises $288 mil. for under-construction renewable asset portfolio

21 Mar 2022 , 10:21 AM

The facility will initially finance the 450 MW hybrid portfolio of solar and wind renewable projects that Adani Green Energy (AGEL) is setting up in Rajasthan, India. In March 2021, AGEL had closed a $1.35 billion construction revolver facility.

According to the definitive agreements, seven international banks – BNP Paribas, Co?peratieve Rabobank U.A., Intesa Sanpaolo S.p.A., MUFG Bank, Ltd., Societe Generale, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation – committed for the facility which is a certified green hybrid project loan.

The extended pool of liquidity strengthens AGELs strategy to fast-track the development of its under-construction asset portfolio in sync with accelerating the energy transition.

On a consolidated basis, the company reported a 12% rise in net profit to Rs 49 crore on a 92.5% jump in net sales to Rs 1,391 crore in Q3 FY22 over Q3 FY21.

Shares of Adani Green Energy declined 1.90% to Rs 1,869.45 on BSE. Adani Green Energy has one of the largest global renewable portfolios with 19.8 GW (giga-watts) of operating, under-construction and awarded projects catering to investment-grade counterparties.

Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.