MC
Adani Green Energy (AGEL) on December 26 said its board of directors have approved a preferential issuance of warrants to the promoters for a quantum of Rs 9,350 crore, at a per share price of Rs 1,480.75. The funds shall be utilised for deleveraging and accelerated capital expenditure, the company said. It added that AGEL is now fully equipped to achieve its stated target of 45 GW by 2030, with 20.6 GW locked in capacity, secured land of over 2,00,000 acres (equivalent to over 40 GW of additional capacity) in resource rich areas of India, and additional equity infusion of Rs 9,350 crore which fully funds this stated target.
“India is on the cusp of becoming a global leader in renewable energy and Adani Green Energy is in the vanguard of this revolution,” said Gautam Adani, Chairman of the Adani Group.
