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As of February, the company had an operational portfolio of about 1 GW with an under-construction capacity of over 500 MW and a development pipeline of more than 5 GW of solar, wind and hybrid projects.
The company will need to sell new shares worth about 1.5% stake to raise the amount, going by its current market price.
With the allocation of land at Kandla Port for green hydrogen and green ammonia production, India's green energy landscape receives a significant boost
The National Green Hydrogen Mission targets a green hydrogen production capacity of 5 MTPA by 2030.
Reliance Industries Ltd (RIL) and Larsen and Toubro (L&T) as well as energy companies Greenko Group and Welspun New Energy will be setting up green hydrogen and green ammonia units at Gujarats Deendayal Port Authority (DPA) in Kandla, said people with knowledge of the matter.