Adani Green Energy adds new subsidiary for building infrastructure

A global-class leader in business that contributes in building infrastructure through sustainable value conception, AGEL (Adani Green Energy) incorporates a fully owned subsidiary, Arasan Infra Two, for transmission, allotment and delivery of power as well as other services related to infrastructure. The incorporation of the company was finished recently and the new wholly owned subsidiary is registered with the ROC (Registrar of Companies) in Ahmedabad. Adani Green Energy (AGEL) publicized the inclusion of four step-down fully owned subsidiaries which are Adani Renewable Energy Sixty, Adani Renewable Energy Sixty Two, Adani Renewable Energy Sixty Three and Adani Renewable Energy Sixty-Four.

In addition to that, AGEL announces the incorporation of two step-down subsidiaries, Adani Renewable Energy Fifty-Six and Adani Renewable Energy Fifty-Seven. Moreover, Adani Green is going to raise $ 410 million through the issuance of new bonds, growing in about one year.

Previously, the company had raised a $ 1.4 billion loan for a renewable energy project. The company Adani Green Energy (AGEL) has been lifting up funds to pay a $750 million bond. And the bond is scheduled to full - grown in next year in the month of September. T

The key objective of the new wholly-owned subsidiaries is to generate, build up, convert, transform, distribute, transmit, sell and supply any kind of power or electrical energy using wind energy, solar energy or other energy related to renewable sources.