Sunday, April 11, 2021
Techiexpert.com
No Result
View All Result
  • Login
  • Register
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging
Techiexpert.com
No Result
View All Result

NYSE-listed Azure Power raises $185 m

Sony T by Sony T
October 23, 2018
in Startup news
Reading Time: 1 min read
A A
0
NYSE-listed Azure Power raises $185 m
11
SHARES
133
VIEWS
Share on FacebookShare on Twitter

Azure Power, which is one of the country independent solar power producers with the portfolio of around 3GW having spread across the 23 states today in a report has announced to raise $185 Million via an equity offering, Azure Power, CEO and Co-Founder Inderpreet Wadhwa said in a statement.

The Canadian company has contributed around $100 Million which is around Rs 730 crore to the company capital raising which increased the stake of the company to 40 percent. This time it is the second investment of the fund into the company: CDPQ had invested $140 Million in the year 2016 before the company went public into the stock market.

Azure power, which is founded and led by the Inderjeet in the year 2008, has as of now raised an amount of $1.8 Billion in the equity and debt so far which also includes the last year $500 Million green bonds issue, according to its CEO report. This company as of now has the capital to complete all its projects in the Pipeline with the cumulative capacity of over 2GW as well as bid for some of the new projects.

As of now, the company has a target to grow its operation folio to 5GW by the end of 2020. The company revenue for the second quarter ended on 30th of June at Rs 242 crore, which is a 29% hike from the previous quarter.

ADVERTISEMENT

According to the CEO, Azure Power will be going to continue focusing on the organic growth with the help of competitive bidding and is as of now considering any deal at the moment. The company is also planning to remain a purely solar energy developer in the near future.

Tags: Azure Powersolar energy
Share6Tweet2Share1Pin1
Sony T

Sony T

Sony is a passionate bloggers writes on Futuristic technologies ...

Related Posts

Websites For Conducting a Background Check
Startup news

Essential background checks that every Australian startup should use

by Sony T
April 11, 2021
PumPumPum
Startup news

PumPumPum raises INR 5.5 Cr in Pre-Series A funding led by IPV

by Sony T
April 9, 2021
Social Platform for Positive Impact – ChekMarc
Startup news

Social Platform for Positive Impact – ChekMarc

by Srikanth
April 8, 2021
5 Ideas for Your First Startup in College
Startup news

Top 5 most successful US startups

by Sony T
April 7, 2021
Kudos Raises Capital from top tier Super Angels & Fintech Founders
Startup news

Kudos Raises Capital from top tier Super Angels & Fintech Founders

by Srikanth
April 6, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Latest Stories

How to get started with AIOps?
Artificial Intelligence

How to get started with AIOps?

by Srikanth
April 11, 2021
Websites For Conducting a Background Check
Startup news

Essential background checks that every Australian startup should use

by Sony T
April 11, 2021
Microsoft Teams is coming under Government Community Cloud
Tech news

COVID accelerated a push to the Microsoft cloud. Top reason: Microsoft Teams — ShareGate Report

by Srikanth
April 10, 2021
PumPumPum
Startup news

PumPumPum raises INR 5.5 Cr in Pre-Series A funding led by IPV

by Sony T
April 9, 2021
Load More
Techiexpert.com

© 2020 All Rights Reserved

  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging

© 2020 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Newsletter ?

What is Expected ?

  • Newsletter
  • eBooks
  • Tech Reports
  • Infographic
  • Webinar
  • Event Tickets
We would like to show you notifications for the latest news and updates.
Dismiss
Allow Notifications