Standard Post with Image

Urja Global Raises R182.4Cr Through Warrants

  • Urja Global Ltd has raised R182.4Cr by allotment of convertible warrants of R10 each to proposed promoters & strategic investors on preferential basis.The company has allotted 45.6 Mn convertible warrants at R40 each at a premium of R30 to promoters and strategic investors entitling them to convert/exchange with equivalent number of fully paid-up Equity Shares of the company within a period of 18 months. Incorporated in 1992, Noida based Urja Global engages in the power generation and mining businesses in India.

  • 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.Urja Global on BSE.During the FY2010, the turnover was R49.6Cr wit PAT of R3.97 Mn against turnover of R5.16 Mn with PAT of R0.27 Mn in the previous year.

Source