According to a company filing, billionaire Gautam Adani and his family would invest Rs 9,350 crore in the conglomerate's green energy arm to enable it to accomplish the 45 GW target by 2030 and to meet debt payment obligations. On Tuesday, the board of Adani Green Energy Ltd (AGEL) authorized a plan to sell 6.31 crore warrants at Rs 1,480.75 each to promoter group entities Ardour Investment Holding Ltd and Adani Properties Pvt Ltd.

As per the company's filing, billionaire Gautam Adani and his family would invest Rs 9,350 crore in the conglomerate's green energy arm to enable it to accomplish the 45 GW target by 2030 and to meet debt payment obligations.

On Tuesday, the board of Adani Green Energy Ltd (AGEL) authorized a plan to sell 6.31 crore warrants at Rs 1,480.75 each to promoter group entities Ardour Investment Holding Ltd and Adani Properties Pvt Ltd.

According to a company filing, billionaire Gautam Adani and his family would invest Rs 9,350 crore in the conglomerate's green energy arm to enable it to accomplish the 45 GW target by 2030 and to meet debt payment obligations.

On Tuesday, the board of Adani Green Energy Ltd (AGEL) authorized a plan to sell 6.31 crore warrants at Rs 1,480.75 each to promoter group entities Ardour Investment Holding Ltd and Adani Properties Pvt Ltd.

Previously, AGEL announced a $1.36 billion construction facility from eight prominent international banks for 2,167 MW solar power projects in Khavda, Gujarat, India's largest solar park. Furthermore, AGEL announced $1.425 billion in equity capital ($1.125 billion from preferential issuance by promoters and $300 million from TotalEnergies JV), bringing the total capital raised to more than $3 billion. This, according to the corporation, reflects long-term investors', strategic partners', financial institutions', and banks' strong interest in AGEL's aim, as well as continued promoter commitment.

"India is on the verge of becoming a global leader in renewable energy, and Adani Green Energy is at the forefront of this revolution," Adani Group Chairman Gautam Adani said.

"The Adani family's investment demonstrates not only our commitment to realizing our nation's clean energy dream, but also to an equitable energy transition in which we phase out traditional power sources while simultaneously phasing in green, affordable alternatives to fuel our accelerating growth and development plans."

"With the infusion of funds, AGEL remains favourably positioned to achieve its accelerated growth trajectory," Adani stated in a statement.