Latest news with #ContinuumGreenEnergy


Time of India
15-05-2025
- Business
- Time of India
Senvion secures 420 MW wind turbine order from Continuum Green Energy
New Delhi: Senvion India has secured a firm order from Continuum Green Energy for 100 units of its 4.2M160 wind turbine generators (WTGs), totalling 420 megawatts (MW) of capacity, the company said on Thursday. The order, originally signed as a conditional agreement in September 2024 with 50 confirmed and 50 optional turbines, has now been fully converted. Deliveries are scheduled to begin in April 2026. The turbines will be deployed and installed across project sites identified by Senvion and developed by Continuum. The 4.2M160 is Senvion's advanced onshore turbine platform developed through Indo-German collaboration. It features a 160-meter rotor and flexible hub heights, and over 85 per cent of its components will be manufactured in India. Amit Kansal, CEO and Managing Director of Senvion India, said, 'The 4XM platform is the most indigenously developed Senvion turbine with a high level of localisation of components and technology. The turbines are specially designed for Indian wind conditions and environment. With planned capacities of 2GW in 2026, Senvion plans to deploy the turbines extensively in India, leading to creating local jobs and energy security for the country.' Arvind Bansal, CEO of Continuum Green Energy, said, 'Our focus remains on building high-performing, bankable wind assets with partners who bring consistency and engineering insight. Finalizing this order with Senvion follows a structured evaluation of technical performance, supply assurance, and service readiness. The decision supports our broader roadmap to integrate scalable clean energy into India's power mix.' Senvion stated that the order marks a continuation of the long-standing relationship between the two companies and aligns with their strategy to scale clean energy projects in India.


Time of India
22-04-2025
- Business
- Time of India
Moon Beverages mulls IPO, invests over Rs 4,000 cr to expand production capacity
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Markets 1. Continuum Green Energy gets Sebi nod for Rs 3,650 crore IPO Tired of too many ads? Remove Ads Moon Beverages, one of the leading bottlers of Coca-Cola in India and part of MMG Group, is considering an Initial Public Offering ( IPO ) to accelerate growth and expansion in the country's fast-growing soft drinks market, said a top company official. MMG Group expects Moon Beverages, a key franchise partner of Coca-Cola, to double its revenue in the next three to four years, helped by growth coming from new plants, expansion of capacity and acquisition of new markets, said its Vice Chairman Anant Beverages has invested Rs 4,000 crore so far and plans to invest further for its two upcoming plants at Guwahati, Assam and Rourkela in Odisha, which will add up to 7,000 bpm (bottlings per minute) asked as to whether the company plans to go for an IPO, Agarwal told PTI: "This is in our plan. However, we cannot divulge many details as of now.""We are very bullish on growth for Moon Beverages and the IPO plan sits very well with that ambition," he Agarwal did not share the timeline, he said the group is considering the option and is in consultation with various Moon Beverages is the third largest bottler of the Coca-Cola company in India after SLMG and Kandhari Global. It has an installed capacity of 10,000 bpm (bottlings per minute)."We (Moon Beverages) have emerged as a leading bottler and strategic partner for Coca-Cola. With acquisitions and investments in new bottling units, we have seen multi-fold growth over the past 2-3 years," he expects the group's bottling business , Moon Beverages, should deliver a 20 per cent year-on-year growth for the next five years. We are extremely confident about the numbers going."He did not share the revenue numbers, but said he expects to double the topline in the next 3 to 4 years with this rate of investments, he said the group is investing substantially to expand its operations and topline."In the last four years, we have invested more than Rs 4,000 crore into this business, which would be acquisitions, putting up plants, adding lines, etc. So it is a very heavy capex business. But yes, to double the business in three to four years, we need this constant investment, and we are not shying away," said who strongly believes in the Indian growth story, said per capita consumption of soft drinks is still very low, which is almost one-tenth of some of the developed company currently operates five bottling plants and has plans to add two more, coming at Jharkhand and Odisha in the next couple of years, which will scale up its bottling capacity Beverages has recently acquired bottling operations in Jharkhand after Hindustan Coca-Cola Beverages (HCCB), a wholly-owned subsidiary of the Coca-Cola Company, has divested its bottling operations."We operate in the regions of north and east. We have a presence in Delhi NCR and western UP, in east India. In east we have presence in West Bengal, Jharkhand and Seven Sisters of the north-east," he said, adding, "So we acquired Western UP in year 2020, and the last couple of years, we acquired the entire West Bengal, north-eastern region and Jharkhand."Atlanta-based beverage major Coca-Cola is divesting its bottling assets globally as per its asset-light whether Moon Beverages would go for much more opportunity for Coca-Cola in other parts of the country or even in the overseas markets, Agarwal said: "Yes absolutely. We are open to acquisitions" as it has grown into this business in more than inorganic way."We will be happy to expand our portfolio and the region as much as possible. So that will be done with Coca Cola... and we are open to that," said Agarwal, adding, "We would be happy to go global. I think we have no cons of going global. So when the opportunity is there, we would be more than happy to participate."Moon Beverages is part of the Agarwal family-owned MMG group, which has interests in sectors ranging from oil & gas to hospitality and real estate, besides in bottling operations.


Time of India
21-04-2025
- Business
- Time of India
Continuum Green Energy gets Sebi nod for Rs 3,650 crore IPO
Continuum Green Energy has secured Sebi approval for its ₹3,650 crore IPO, comprising a ₹1,250 crore fresh issue and ₹2,400 crore OFS. The proceeds will help repay subsidiary loans and fund corporate purposes. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Continuum Green Energy Limited (CGEL), an independent power producer (IPP) which identifies, develops, constructs and operates renewable energy projects in India, received capital markets regulator Sebi go ahead to raise Rs 3,650-crore through an company had filed the DRHP in December 2024 and obtained its observation letter on April 15, an update with the Sebi proposed IPO is a combination of a fresh issue of equity shares valued Rs 1,250 crore and an offer for sale (OFS) of equity shares worth Rs 2,400 crore by promoter Continuum Green Energy company proposes to utilize the funds from the fresh issue to repay or partially repay certain loans taken by its subsidiaries, including accrued interest, by investing Rs 1,100 crore in these subsidiaries. The remaining funds will be allocated for general corporate in 2007, Continuum Green Energy owns and operates large wind projects and large wind-solar co-located/hybrid projects in India, with a total operational capacity of 2.22 GWp and under-construction capacity of 1.31 GWp. Of the entire 3.52 GWp capacity, it has a balanced split of energy source between wind and solar of June 30, 2024, Continuum Green Energy Limited had PPAs with more than 170 diversified, high credit quality C&I consumers for green energy 2024, Continuum Green Energy received primary equity investment from JC Infinity (B) Limited, an affiliate of a fund advised by Just Climate the financial front, the company's revenue from operations increased 33.45 per cent to Rs 1,294 crore in fiscal 2024 from Rs 970 crore in fiscal Mahindra Capital, Ambit, Citigroup Global Markets India, and JM Financial are the book running lead managers to the offer.


Mint
21-04-2025
- Business
- Mint
Upcoming IPO: Continuum Green Energy gets SEBI nod to raise ₹3,650 crore through the public issue
Continuum Green Energy IPO: An independent power producer, Continuum Green Energy Limited, on Monday, April 21, received the green light from the Securities and Exchange Board of India (Sebi) to launch its initial public offering (IPO). The company submitted its preliminary draft papers on December 10, 2024. Continuum Green Energy is an independent power producer that identifies, develops, constructs, and operates renewable energy projects in India. The company primarily supplies green power to commercial and industrial consumers, state and central distribution utilities, and power exchanges. Since the firm was founded in 2007, the company has established a significant presence in the nation's renewable energy sector. Continuum Green Energy operates large wind projects as well as hybrid projects that combine wind and solar energy. According to the preliminary draft papers, the renewable energy producer, Continuum Green Energy, is planning to raise ₹ 3,650 crore from the Indian stock market through a combination of a fresh issue and an offer-for-sale (OFS) component. The company's IPO will include a fresh issue of equity shares amounting up to ₹ 1,250 crore, and the offer-for-sale (OFS) component of up to ₹ 2,400 crore from the firm's promoters. Continuum Green Energy plans to use the proceeds raised from the initial public offering (IPO) to fund its repayment or prepayment, in whole or in part, of certain outstanding borrowings taken by its subsidiaries. This includes the payment of accrued interest on these borrowings, with an investment of ₹ 1,100 crores in the subsidiaries. The remaining funds will be allocated for general corporate purposes, as per the draft papers. The firm may also conduct a pre-IPO placement of specified securities, raising up to ₹ 250 crores before filing the Red Herring Prospectus (RHP) with the Registrar of Companies (RoC). Kotak Mahindra Capital Company Ltd, Ambit Private Ltd, Citigroup Global Markets India Private Ltd, and JM Financial Ltd are the book-running lead managers for the public issue.