AVAADA GROUP is looking to raise $1 billion (over ₹8,400 crore) in debt by March next year to fund its projects. "We will raise this debt to fund wind, solar and other projects. We have already raised equity," chairman Vineet Mittal told FE.
The group has an operational capacity of over 4 gigawatt (GW) and aims to have an installed base of 11 GW by 2026 and 30 GW by 2030. "We could do it (30 GW capacity) earlier if transmission lines come up," Mittal said.
The portfolio includes 5 gigawatt-hours of battery storage and 10 GWh of long-duration pumped hydel storage.
Last year, Avaada Group raised $1.3 billion from Canadian investor Brookfield and Global Power Synergy (GPSC) to fund its green hydrogen and green ammonia ventures in the country.
Denne historien er fra December 23, 2024-utgaven av Financial Express Mumbai.
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Denne historien er fra December 23, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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It's slow going at Indiamart
THE B2B PLATFORM IS WORKING TO STABILISE OPERATIONS
ISRO to study how crops grow in space on PSLV-C60 mission
DEMONSTRATION OF SEED germination in outer space, a robotic arm to catch a tethered debris there, and testing of green propulsion systems are some of the experiments planned on the POEM-4, the fourth stage of ISRO's PSLV rocket that remains in orbit after launching a satellite.
Scott Boland & the 'stolen generation'
ONLY IN HIS mid-20s, did the 35-year-old Scott Boland, Australia's fast bowler set to play in the fourth Test against India, realise his aboriginal origins.
'If it is business as usual, Viksit Bharat by 2047 will not happen'
Raghuram Rajan, former RBI governor, in an interview with Udit Misra, speaks on a wide variety of topics, ranging from inflation to GDP growth to the impact of possible global trade war under President Trump's second term. Excerpts:
Eliminates odour, cleans indoor air in a jiffy
● Ideal for bedrooms, offices, or small living areas
'Consumers prioritise value, want devices tailored to their needs'
BenQ, one of Taiwan's biggest electronics firms, sees immense scope for its monitors, projectors, and education-focused flat panels in India.
Tech redefines how we shop in-store
● AI provides cues according to individual tastes
Sensible. Sustainable. Sensual
All the luxury you need, at half the price of a luxury car & two times fuel efficiency
GOVO GOBUDS SPORT: Comfortable fit for long sessions
These earbuds have low latency and a strong battery
Language of market expansion
● A nascent market is growing on the back of local offerings
