Try GOLD - Free
Adani Green eyes $2 bn for its largest RE project
Hindustan Times Ranchi
|March 31, 2025
Adani Green Energy Ltd plans to sell shares to global investors to raise about $1.4 billion in the first quarter of FY26, two people familiar with the matter said, as part of a $2 billion fundraising to power its solar and wind energy projects in India.
MUMBAI: The rest will be raised through local bank loans, the people cited above said on the condition of anonymity, adding the company plans to mobilise a total of $4-5 billion across FY26.
If Adani Green manages to raise $1.4 billion by selling shares, it would be its largest equity capital raise ever. The company is working on various solar and wind energy projects across India, aiming to capitalize on the country's efforts to achieve net zero status by 2050.
Shares of Adani Green closed 1.1% down at ₹949 on the BSE on Friday, having risen from ₹774 on 28 February.
This story is from the March 31, 2025 edition of Hindustan Times Ranchi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Ranchi
Hindustan Times Ranchi
What the new transgender law seeks to normalise
The Transgender Persons (Protection of Rights) Amendment Act, 2026 was passed despite much furore by the Opposition in both houses of Parliament and received Presidential assent in a span of less than a week.
3 mins
April 07, 2026
Hindustan Times Ranchi
War worries over industry
Industry bodies’ warnings of reverse migration of labour highlights the need for relief to MSMEs
2 mins
April 07, 2026
Hindustan Times Ranchi
Making the Indian census fit for the 21st century
India’s long-delayed census is finally back on track, with house-listing operations beginning this month.
3 mins
April 07, 2026
Hindustan Times Ranchi
Buffering the blow: Policy responses amid the war
New Delhi's challenge is twofold: Safeguard macroeconomic stability in the near term and continue building deeper structural resilience for a more fragmented global geopolitical landscape
4 mins
April 07, 2026
Hindustan Times Ranchi
In the state polls, a battle of competing narratives
The outcome of these assembly elections will fundamentally alter the direction of politics across the country
4 mins
April 06, 2026
Hindustan Times Ranchi
TV MAKERS BRACE FOR SALES HIT AMID WAR
The TV industry, which already faces soaring prices of memory chips (RAM), is bracing for a decline in sales, weighed down by rising cost of plastics to ocean freight on account of ongoing geopolitical tensions in West Asia.
1 min
April 06, 2026
Hindustan Times Ranchi
Artemis astronauts to study Moon’s surface using mainly their eyes
ON WAY TO THE MOON } THEY MEMORISED MOON'S FEATURES, PRACTISED SEEING COLOURS AND TEXTURES
2 mins
April 06, 2026
Hindustan Times Ranchi
The debt burden on democracy
Electoral populism is reducing the ability of states to meet their financial commitments
2 mins
April 06, 2026
Hindustan Times Ranchi
Marooned crews grapple with dwindling food, water in Gulf
WASHINGTON: There are roughly 2,000 ships stuck in the Persian Gulf with more than 20,000 seafarers on them, according to the International Maritime Organisation, as quoted by the Wall Street Journal.
1 mins
April 06, 2026
Hindustan Times Ranchi
MOODY’S CUTS INDIA FY27 GROWTH ESTIMATE TO 6%
Moody's Ratings has slashed India’s economic growth estimates for the current fiscal to 6% from 6.8% earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks.
1 min
April 06, 2026
Listen
Translate
Change font size