Adani Green to raise Rs 123 billion via QIP to fund expansion

Adani Green Energy has approved raising Rs 123 billion ($1.49 billion) through qualified institutional placement (QIP) to diversify its green energy supply in the country. In 2023-24, the company intends to increase its renewable energy capacity by approximately 3 gigawatts at a cost of around Rs 140 billion ($1.70 billion).