+
 Avaada Energy raises green bonds for Rs 1440 crore
POWER & RENEWABLE ENERGY

Avaada Energy raises green bonds for Rs 1440 crore

Avaada Energy, a solar project developer, announced on Tuesday that it is raising Rs 1440 crore through green bonds in the Indian capital market at a rate of 6.75%, making it the country's largest such issue by a renewable energy developer.

According to the statement, the bonds are certified by the Climate Bonds Standard Board of the Climate Bonds Initiatives and comply with the Securities and Exchange Board of India (SEBI) guidelines for Green Debt Securities.

The bonds will be listed on the Bombay Stock Exchange (BSE) and will have a three-year maturity.

CRISIL ratings gave the issuance the highest possible score. The issue was organised by Axis Bank and ICICI Bank.

In the last few years, Environmental, Social, and Governance (ESG) financing has advanced significantly. In the domestic market, the response to bond issuance has been very positive.

According to Vineet Mittal, Chair of the Avaada Group, it will assist developers in raising capital domestically while avoiding foreign exchange currency risk and lowering fundraising costs.

PTT Group, Thailand's largest oil and gas company, has backed Avaada Energy.

Image Source

Also read: India Clean Energy Holdings raises $400 mn at 4.5% via green bonds

Avaada Energy, a solar project developer, announced on Tuesday that it is raising Rs 1440 crore through green bonds in the Indian capital market at a rate of 6.75%, making it the country's largest such issue by a renewable energy developer. According to the statement, the bonds are certified by the Climate Bonds Standard Board of the Climate Bonds Initiatives and comply with the Securities and Exchange Board of India (SEBI) guidelines for Green Debt Securities. The bonds will be listed on the Bombay Stock Exchange (BSE) and will have a three-year maturity. CRISIL ratings gave the issuance the highest possible score. The issue was organised by Axis Bank and ICICI Bank. In the last few years, Environmental, Social, and Governance (ESG) financing has advanced significantly. In the domestic market, the response to bond issuance has been very positive. According to Vineet Mittal, Chair of the Avaada Group, it will assist developers in raising capital domestically while avoiding foreign exchange currency risk and lowering fundraising costs. PTT Group, Thailand's largest oil and gas company, has backed Avaada Energy. Image Source Also read: India Clean Energy Holdings raises $400 mn at 4.5% via green bonds

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code