Adani Green Energy said that this funding of $ 1.36 billion is part of the goal of raising a total of $ 3 billion funding. (File photo)New Delhi:
Adani Green Energy has secured $1.36 billion funding from international banks. In a statement, the company said on Tuesday that this funding will be used to build the world's largest renewable energy park in Khavda, Gujarat. The company said that this funding of $ 1.36 billion is part of the goal of raising a total of $ 3 billion in funding.
After this news, the company's shares rose strongly. The company's shares jumped up by 19 per cent to Rs 1,340.00 in today's trade. Along with this, the shares of the rest of the group companies also saw strong growth. Today, the market cap of Adani Group shares reached Rs 12,87,660 crore in intraday. The market cap has increased by Rs 92,119 crore in intraday.
The banks that have approved funding to Adani Green include BNP Paribas, co-operative Rabobank UA, DBS Bank, Intesa Sanpaolo S.p.A., MUFG Bank, Societe Generale, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation.
This fund will
be used in the construction of a 2,167 MW facility in Khavda. This will be the initial stage of the renewable energy park and will lay the foundation for the project's future development. Anupam Mishra, Head of Group Corporate Finance (Adani Portfolio) said on this occasion, "This is a historic opportunity for us with UNCC. This is how we are driving a sustainable future growth."
"We are proud to put forward a framework for our portfolio companies where we have managed to build sustainable financing solutions for Adani Green, Adani Energy Solutions to help complete critical infra projects," he said.
company has said in its statement that the world's largest green energy park in Khavda will play a big role in India's net zero journey, along with helping Adani Green Energy achieve 2023 GW of operating renewable capacity by 45.
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