According to reports, Urja Global Limited is planning to raise $15 Mn through FCCBs to fund its expansion plans.
The company is planning to establish 5 MW capacity of Solar Power Project in Rajasthan. It is also considering to establish 100 MW module manufacturing plant in Rajasthan.
Last month, Urja Global raised R182.4Cr by alloting convertible warrants of R10 each to promoters & strategic investors on preferential basis.
According to Urja Global’s website, it has targetted to install 1000MW power generation capacity through setting up solar, thermal and hydro power projects across the country by the year 2020.
The company is currently developing solar plants in Haryana, Gujarat, Rajasthan, and Andhra Pradesh; two Hydro Power Projects Aggregating 450 MW in North Eastern States of India and 100 MW coal-based power plant near Jamtara district of Jharkhand.