Adani Green Energy Update: The promoters of the company will invest Rs 9350 crore in Adani Green Energy, the renewable energy company of Adani Group. Adani Green Energy said that in the company's board meeting, the board of directors has given its approval to issue preferential warrants worth Rs 9350 crore to the promoters at a share price of Rs 1480.75. Through this amount, the company will reduce its debt burden and spend it on capital expenditure.
In the regulatory filing filed with the stock exchange, the company informed about the decisions taken in the board meeting. The company said that the board has approved the issuance of preferential warrants worth Rs 9350 crore to the promoters of Adani Green Energy at a price of Rs 1480.75 per share. Along with repaying the loan through this fund, the company will spend on increasing the capacity by 45 gigawatts by 2030. The company said that Adani Green Energy will definitely achieve the target of 45 GW by 2030. 20.6 GW capacity has been locked. 2 lakh acres of land has been secured for 40 GW addition capacity which is equivalent to 40 GW capacity and additional investment of Rs 9350 crore will be achieved to achieve this target. < /p>
On this decision of the board of Adani Green Energy, Adani Group Chairman Gautam Adani said, India is on the verge of becoming a global leader in renewable energy and Adani Green Energy is leading this revolution. He said that this decision of Adani family to invest shows our commitment towards fulfilling the dream of clean fuel in the country. Where we can phase out conventional energy sources and also adopt green and affordable alternatives to boost our rapid growth and development plans. Through this investment, Adani Green Energy will definitely be successful in achieving its growth target.
Amidst the news of investment by promoters, the stock of Adani Green Energy closed at Rs 1600 with a rise of 4.38 percent in today's trading. The stock has jumped 70 percent in the last one month.
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