Adani Green raises $288-mn for its under-construction RE portfolio

12 Apr 2022 CW Team

Adani Green Energy Limited (AGEL) told the media that it has raised a $288 million facility for its under-construction renewable asset portfolio through definitive agreements signed with a group of leading international lenders, bringing its total construction financing framework to $1.64 billion.

The facility will initially finance AGEL's 450 megawatts (MW) hybrid portfolio of solar and wind renewable projects in Rajasthan, according to an official press release.

The company closed a $1.35 billion construction revolver facility in March 2021.

Seven international banks — BNP Paribas, Coéperatieve Rabobank, Intesa Sanpaolo, MUFG Bank, Societe Generale, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation — committed for the facility, which is a certified green hybrid project loan, according to the press release.

The company's strategy to accelerate the development of its under-construction asset portfolio in tandem with the energy transition will be strengthened by the expanded pool of liquidity, according to the statement.

Standard Chartered Bank served as Mandated Lead Arranger, Bookrunner (MLAB), Documentation Bank, and E and S Co-Ordinator bank, according to the company. MLABs MUFG Bank and Sumitomo Mitsui Banking Corporation acted as Co-Technical Advisors and Co-Green Loan Advisors, respectively. Furthermore, the Facility's MLABs were BNP Paribas, Codperatieve Rabobank, Intesa Sanpaolo, and Societe Generale.

The borrower's counsel included Latham & Watkins LLP and Saraf & Partners, among others. Linklaters and Cyril Amarchand Mangaldas represented the lenders.

Image Source

Also read: Adani Group signs deal for two power projects in Sri Lanka

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..