&w=3840&q=100)
Juniper Green Energy gets ₹1,739 cr debt funding from Ireda for renewables
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 $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 Energy currently operates a total capacity of 1.45 GWp (as of June 27, 2025).
The company has recently commissioned the 103 MWp solar component of its hybrid plant at Karanja, in Maharashtra (about 16 months ahead of its scheduled commercial operation dates) and has also partially commissioned 25 MW of its 50 MW wind project in Gujarat, almost three months ahead of schedule.
These milestones demonstrate its strong execution capabilities.
Juniper Green Energy is an independent renewable energy power producer in India, focusing on the development, construction and operation of utility-scale solar, wind, and hybrid renewable energy projects.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
26 minutes ago
- Hans India
Poco Introduces M7 Plus 5G, Targeting Value-Conscious Buyers in India
Poco announced on Wednesday (August 13 2025) announced the Poco M7 Plus 5G launch smartphone designed for customers in the lower price bracketin India. It's IP64 certified for resistance to splashes. The latest Poco M7 Plus 5G features the 6.9-inch FHD+ display with an 144-Hz resolution and 700nits of peak brightness. M7 Plus 5G comes with a 7,000mAh Poco M7 Plus 5G battery that is backed by a charging 33W option. It also supports reverse charging. Poco uses Snapdragon 6s Gen 3 with up to 8GB of RAM and 128GB of storage in the M7 Plus 5G. It will be able to run on two OS and will get security updates for a period of four years. Virtual RAM of up to 8GB is also accessible. The rear camera of the Poco M7 Plus 5G is a 50-megapixel shooter, and the front Poco M7 Plus 5G camera is 8-megapixel for taking high-resolution photos from both front and back. Poco M7 Plus 5G will only be available through Flipkart from August 19 with an initial price of Rs12,999 for a 6 GB/128 GB version and $8 GB/128 GB version. Poco M7 Plus 5G: Price and Availability The Poco M7 Plus 5G price of ₹ 13,999 for the 6 GB RAM 128 GB storehouse variant and ₹ 14,999 for the 8 GB RAM 256 GB storehouse variant. Customers who are interested in copping the phone starting on the 19th of August at 12 pm( IST) on Flipkart. This 5G version of the Poco M7 will be available in three color options: Aqua Blue, Carbon Black as well as Chrome Silver. Poco offers immediate discount of Rs. 1,000 discount when you use HDFC, SBI, or ICICI Bank cards, or an additional amount of Rs. 1000 exchange reward on devices eligible. the duration of a limited-time launch promotion.
Indian Express
26 minutes ago
- Indian Express
Tata Power launches ‘Ghar Ghar Solar' in Pune
Tata Power Renewables, one of the country's top renewable energy players and a subsidiary of Tata Power, on Wednesday launched its flagship 'Ghar Ghar Solar' campaign in Pune. A special scheme 'Own a Rooftop Solar System' was also introduced ahead of Independence Day. The firm is actively involved in promoting solar energy adoption through the 'Ghar Ghar Solar' campaign that is also aligned with the PM Surya Ghar Yojana. Dr Praveer Sinha, CEO and MD, Tata Power Company Ltd, who was in Pune at the launch event, said by the year-end the aim is to ensure at least six lakh rooftop installations pan-India. Sinha spoke about the initiative with a special focus on Maharashtra. 'In Maharashtra, we are targeting to install 800-MW rooftop solar capacity over the next three years,' he said. As of July 2025, Tata Power Solaroof has achieved a cumulative installed rooftop solar capacity of 775 MWp (megawatt peak) in Maharashtra catering to 27,910 customers. In Pune, where the company already has a presence with 200-MW installed capacity, plans are underway to add a further 250 MW in the next three years. Announcing the key highlights of the new scheme, officials said it entails paying Rs 1,947 and owning the rooftop system, symbolic of the year of India's Independence. Elaborating, Sanjay Banga, CEO and MD of Tata Power Renewable Energy Ltd (TPREL), said it includes almost 100 per cent of system cost available as load, affordable EMIs, flexible financing tenures up to 60 months and complimentary one-year solar insurance for residential customers. 'This initiative aims to accelerate the adoption of residential rooftop solar by offering high-quality, affordable, and easily accessible solar energy solutions backed by trusted service,' he added. Tata Power Company has expressed strong interest in obtaining a distribution licence for Pune city and adjoining Haveli, Maval, Mulshi, and Khed. 'We have submitted our application to the Maharashtra Electricity Regulatory Commission for a licence to distribute electricity in Pune and adjoining areas. Yes, we are very much here,' Dr Praveer Sinha, CEO and MD, Tata Power Company Ltd said on Wednesday. 'MERC is reviewing our application and as per the process, a public hearing will be held,' Sinha said.
&w=3840&q=100)
Business Standard
26 minutes ago
- Business Standard
Kalpataru posts Rs 49 crore loss in Q1 FY26 despite strong pre-sales
Mumbai-based real estate developer Kalpataru reported a widening of losses to Rs 49.43 crore in the first quarter of FY26, compared with Rs 0.69 crore in Q1 FY25. Revenue from operations stood at Rs 443.2 crore, down 16.45 per cent year-on-year (Y-o-Y), while total expenses fell 5.18 per cent Y-o-Y to Rs 512.23 crore. The company follows the project completion method (PCM) for recognising revenue from projects launched after April 2022. Under this method, revenue is recorded only upon receipt of the occupation certificate (OC), whereas expenses such as marketing and corporate overheads are booked in the same quarter they are incurred. As of Q1 FY26, the majority of recognised revenue came from projects under PCM. Of its 24 ongoing projects, Kalpataru applies PCM to 13; however, costs associated with these projects are fully charged to the profit and loss account during the reporting period. Pre-sales rose 83 per cent Y-o-Y to Rs 1,249 crore, while collections increased 37 per cent YoY to Rs 1,147 crore. However, the area sold fell 9 per cent Y-o-Y to 0.56 million square feet. Average sales realisation during the quarter surged 101 per cent Y-o-Y to Rs 22,476 per square foot. The company has guided pre-sales of Rs 7,000 crore for FY26, up from Rs 4,531 crore in FY25. It is targeting collections of Rs 5,700 crore, compared with Rs 3,659 crore in the previous financial year. Debt reduction focus Net debt as of June 30, 2025, stood at Rs 7,939 crore. The net debt-to-equity ratio improved to 2.0x from 3.8x as of March 31, 2025. Kalpataru aims to reduce its debt to Rs 7,300 crore by the end of FY26. 'The company has utilised Rs 1,192.5 crore from IPO proceeds towards debt repayment, in line with the objects of the issue, and remains committed to further strengthening the balance sheet through continued debt reduction efforts,' said Parag Munot, Managing Director, Kalpataru. On a sequential basis, revenue declined 26 per cent. The company had posted a profit of Rs 14.05 crore in Q4 FY25, compared with a loss in the current quarter. Kalpataru shares closed at Rs 406.30 on the BSE on Tuesday.
