Juniper Green Energy on Wednesday said it has secured Rs 1,739 crore in debt financing from Indian Renewable Energy Development Agency Ltd (IREDA). This funding will support the growth and development of Juniper Green Energy and its subsidiaries, enabling the execution of large-scale renewable projects and strengthening its operational capacity, a company statement said. According to the statement, Juniper Green Energy has successfully secured Rs 1,739 crore in debt financing from IREDA. This round of financing follows Juniper Green Energy's successful USD 1 billion debt raise last year, from leading financial institutions, including Power Finance Corporation Ltd (PFC), DBS Bank, HSBC Bank, and IREDA. "This funding from IREDA marks another important step in our growth journey. We remain committed to scaling renewable energy infrastructure that is sustainable and aligned with India's energy goals," Parag Agrawal, Chief Financial Officer, Juniper Green Energy, said. Juniper Green En
Expect stable accrual-based returns rather than significant capital gains
While the RBI's overall policy intent is clearly growth supportive, the shift to neutral stance has been a communication challenge, Radhakrishnan said
Experts see limited scope for further decline in bond yields; interest income to drive returns
WhiteOak Capital MF on Tuesday launched its Equity Savings Fund (ESF), a hybrid scheme investing in equity, arbitrage, and debt
Take limited exposure to longer-duration debt funds; match horizon with fund's portfolio duration
Private sector NBFCs raise Rs 1.91 trillion in H1FY25
The fund aims to provide capital growth as well as regular income by predominantly investing in equities, with debt and money market securities making up a smaller pie
Passive funds attract Rs 37,200 crore inflows in 2024
With no Fed rate cut in sight, gilt schemes garner Rs 5,200 cr in April, most in at least 5 yrs
Cite better balance between demand and supply as well as inflation relief
Recoveries via IBC were back to over 40% in FY23 after two lackluster years
With rate cut hopes building up, their performance could improve further in 2024, say experts
Hybrid MF offering rakes in close to Rs 6,000 crore in FY 2024 so far
The capital profile of the larger NBFCs has improved after FY 2019 as the growth slowed down
Most believe that debt funds will attract higher flows over the next 12 months as the interest rate trajectory could trend lower throughout the year
Shobhit Mehrotra and Srinivasan Ramamurthy have been managing this fund since September 2007 and December 2021, respectively
On track to pare debt, analysts expect it to have Rs 2K cr cash on the books by end-FY25
Serentica Renewables on Thursday said it has tied up with PFC for a Rs 2,600 crore debt funding for its upcoming projects in Karnataka. In Karnataka, the company is setting up 400 MW of wind and solar capacities where it has already secured connectivity to the inter-state transmission system (ISTS). "The debt funding...will accelerate our journey towards supplying 40 billion units of clean energy annually to energy intensive industries and displacing 37 million tonne of carbon emissions," Pratik Agarwal, Director, Serentica Renewables said. Parminder Chopra, Chairman & Managing Director, PFC said, this transaction is in line with PFC's expanding role in funding green projects and positioning itself as the focal agency for energy transition. Established in 2022, Serentica Renewables (India) is a decarbonization platform that looks to provide clean energy solutions enabling the transition of large-scale, energy-intensive industries to clean energy. Serentica aims to provide assured
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