In Short : CleanMax has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a ₹5,200 crore IPO. The issue will comprise both fresh equity shares and an offer for sale. Funds raised will support debt repayment, capacity expansion, and strengthening its renewable energy portfolio. The IPO highlights CleanMax’s ambition to accelerate its leadership […]
Avaada Group to invest Rs 50,000 crore in Madhya Pradesh’s green energy sector says Chairman Vineet Mittal – EQ
In Short : Avaada Group, led by Chairman Vineet Mittal, plans to invest ₹50,000 crore in Madhya Pradesh’s green energy sector. The investment will support solar modules, green hydrogen, and renewable energy projects. This aligns with the state’s goal of generating 20,000 MW of renewable energy by 2030, reinforcing India’s commitment to sustainability and clean […]
Post budget quote by Mr. Pinaki Bhattacharyya, MD and CEO, Amp Energy India – EQ Mag
Keeping ‘Green growth’ as one of the 7 priorities of Budget 2023, shows the commitment of the government towards providing continuous thrust to the Green Energy sector in coming years. Favourable announcements:- Providing large outlay of Rs. 35,000 Crs for Energy Transition and Zero Emission target by 2070, Increasing Green Hydrogen production to 5MMT/annum by […]
RBI to ease lending limits for green energy sector
Ghodwat opined that the decision would lead to speedy implementation of projects and reduce construction cost. BENGALURU: In an attempt to boost renewable energy sector, the Ministry of New and Renewable Energy (MNRE) would request the Reserve Bank of India (RBI) to categorise renewable energy as a separate segment and remove priority sector lending limit. […]