Urja Global to Release Green Bonds of $500 Million to Finance RE Projects & EVs

Urja Global Limited has announced that it has acknowledged the approval to raise green bonds of up to $500 million (₹35.64 billion) to finance renewable projects and electric vehicles (EVs).

The company can now list the bonds overseas at platforms like the London Stock Exchange, Singapore Stock Exchange, NASDAQ or any other foreign exchange, according to the company’s regulatory filing.

The sanction for the issue of green bonds of up to $500 million for financing renewable energy projects and e-vehicles, was established during the 27th annual general meeting of the company held on September 30, 2019, said the filing.

Urja Global is involved in designing, consultancy, integration, supply, installation, commissioning, and maintenance of off-grid and grid-connected solar power projects. Its current products also include lithium-ion batteries, e-rickshaws batteries, and automotive energy storage systems.