Azure Power

Fitch revises outlook on Azure Power Energy to negative; affirms 'B' rating

AGPL is the holding company of Azure RG3

Cyril Cabanes faces US SEC charges: Foreign Corrupt Practices Act explained

Cyril Cabanese is charged alongside Gautam Adani and Sagar Adani, in connection to a bribery scheme that misled US investors in a September 2021 bond offering that raised $175 million

'Baseless': Adani Group denies US SEC $265 million bribery allegations

The Adani Group has stated that it will seek all possible legal recourse to fight the bribery allegations against Adani Green Energy's top management

What does the SEC indictment of Adani mean, and is there an Indian equivalent?

Gautam and Sagar Adani are accused of misleading investors about Adani Green Energy Ltd's anti-corruption policies during a September 2021 bond offering, which raised $175 million from US investors

Azure Power to prepay green bonds worth $310 mn maturing in December

Sustainable energy solutions provider Azure Power on Monday said it has issued a notice to prepay green bonds worth USD 310 million maturing in December 2024. The bonds (RG II) are backed by seven utility projects, originally commissioned between 2016 and 2019, a company statement said. The refinancing, valued at approximately Rs 24 billion, is structured as an INR Term Loan underwritten solely by REC Limited. The projects, with a total capacity of 615 MW, are spread across Punjab, Maharashtra, Uttar Pradesh, Andhra Pradesh, Gujarat, Karnataka, and Rajasthan. The green bonds were issued in 2019 for USD 350 million and are listed in Singapore. Azure Power Global Limited, a leading sustainable energy solutions provider and renewable power producer in India, issued a notice to prepay green bonds maturing in December 2024. "This refinancing reaffirms Azure Power's strong market position and our capability to raise funding at attractive terms," Sunil Gupta, CEO at Azure Power, said in

Microsoft's Azure slowdown offsets optimism about AI growth; shares down 3%

Nadella has unveiled an array of new AI programs - based on models from partner OpenAI - for most of Microsoft's major product lines, and demand has been strong for internet-based services

Moody's downgrades Azure Power Energy and Azure Power Solar Energy

The one-notch downgrade of APE's and APSEP's debt ratings has been driven by governance issues related to internal controls and compliance

Fitch downgrades Azure Power Energy's rating on governance concerns

There is lack of clarity in impact of holding company's internal controls and compliance framework: Rating agency

Decoding Azure Power: India's first NYSE-listed renewables company

Stock tanks after new CEO's sudden resignation, whistle-blower complaint

Harsh Shah steps down as CEO of NYSE-listed RE firm Azure Power

Rupesh Agarwal, formerly with CESL and BDO, to take reins of Azure

Azure Power signs 600 MW purchase agreements with SECI under 4 GW Projects

Azure Power announced that it has signed Power Purchase Agreements (PPAs) for 600 MW ISTS connected solar power projects with Solar Energy Corporation of India (SECI)

Green hydrogen production slightly expensive at moment: Azure Power CEO

The path for green hydrogen in the country is not clear and at the moment, production of green hydrogen is slightly more expensive than grey hydrogen, Azure Power CEO Ranjit Gupta said on Tuesday

ReNew Power to list on Nasdaq this month, RMG investors approve merger

ReNew is looking to be fully funded for its equity requirements till fiscal year 2025 through this listing

CCI approves minority stake-buy in Azure Power by OMERS Infrastructure

This will take place in a series of inter-connected steps, according to the statement

ICICI Lombard says AI service helped it improve policy sale, claims

Response time to customer request reduced from 12 hours to 2 hours, says insurer

Radiance Renewables buys Azure's solar rooftop assets for Rs 536 cr

This is one of the largest acquisitions of rooftop solar assets in India, the company said

Indian renewable firms underperformed but credit quality intact: Moody's

Moody's said India's renewable energy sector grew by 20% in the last five years

Railways meets solar power developers for zero carbon emission goal

The railways has developed a mega plan for installing solar plants of 20-GW capacity by utilising its vacant land by 2030

Microsoft tests hydrogen fuel cells to backup its Azure Cloud data centers

Diesel fuel currently accounts for less than 1 per cent of Microsoft's overall emissions and its use is primarily confined to Azure data centres

Power sector hopes for reforms at state level as Centre curbs imports

Given the federal structure in the power sector, most states float tenders different from the Centre and adopt separate selection criteria, mostly tilting towards low cost.