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Adani Enterprises (AEL), will use the proceeds from its follow-on public offering (FPO) to invest Rs 11,000 crore in capital expenditure towards the green hydrogen and airport projects and another Rs 4,100 crore in retiring debt of road, airport, and solar projects. The company is setting up a fully integrated green hydrogen ecosystem to enable access to low-cost renewable power, produce low-cost green hydrogen at scale, and manufacture downstream products. The group had announced its ambitious target to invest $70 billion by 2030 in green energy, including green hydrogen. Learn Along: Adani Enterprises Headquarters: Ahmedabad President & CEO: Vinay Prakash A follow-on offering (FPO) is when a public company issues more shares after their initial public offering (IPO). It happens when the company wants to raise more capital by giving out additional shares to finance projects, pay their debt, or make acquisitions.
Which Indian port became the leading cargo-handling major port in the fiscal year 2023-24?
When is the Indian Coast Guard Day celebrated?
What was inaugurated by Union Minister Anurag Thakur in New Delhi?
Who inaugurated the UDAN flight service between Dehradun and Pithoragarh?
Which organization has REC Limited signed an MoU with to finance infrastructure projects?
Which country ranked second in the newly developed World Cybercrime Index?
Who developed the first lab-grown fish meat in India?
What is the main objective behind setting up 100 new Sainik Schools?
Which Indian state received approval for multiple National Highways projects worth Rs. 3549.48 crore?
Which educational project is Coal India Limited partnering with EdCIL to implement?