Adani Green Energy to raise up to Rs. 12,300 crores through QIP

Adani Green Energy Limited has approved the proposal for raising of funds by way of issuance of such number of equity shares having face value of Rs. 10 each of the company and / or other eligible securities or any combination thereof for an aggregate amount not exceeding Rs. 12,300 crores or an equivalent amount thereof by way of qualified institutional placement (QIP) or other permissible mode in accordance with the applicable laws, subject to the receipt of the necessary approvals including the approval of the members of the Company and other regulatory / statutory approvals, as may be required and (ii) to seek approval of the shareholders for the aforesaid issuance and ancillary actions by way of postal ballot process.

G E Shipping delivers its 2004 built Aframax Crude Carrier 'Jag Lavanya'

The Great Eastern Shipping Company Limited (G E Shipping) delivered its 2004 built Aframax Crude Carrier "Jag Lavanya" to the buyers. The vessel was contracted for sale in April 2023. Excluding this vessel, the company's current fleet stands at 42 vessels, comprising 28 tankers (6 crude carriers, 18 product tankers, 4 LPG carrier) and 14 dry bulk carriers with an average age of 13.42 years aggregating 3.33 mn dwt.