Key Takeaways:
- 💰 Adani Green Energy is planning to issue dollar-denominated green bonds for the first time with an 18-year tenor
- 🌱 The company’s plan to issue these bonds aligns with its commitment to renewable energy initiatives
- 🔋 The issuance of dollar-denominated green bonds reflects Adani Green Energy’s growing presence in the renewable energy sector
- 💼 Bihar Raj Bhavan directed banks to de-freeze accounts of state-run universities with a police complaint lodged against at least one Vice Chancellor
- 📝 Bihar government froze bank accounts and withheld salaries of VCs for absence at a review meeting
- 📜 Principal secretary to the governor issued a letter to de-freeze varsities’ accounts immediately
- 🚫 Order of education department withdrawing as per Chancellor’s directive
- ⚠ Education department warned of FIRs and withheld salaries if satisfactory replies not received within two days
- 📚 Strong dissatisfaction expressed with VCs’ absence from the meeting
- 📞 Education Minister Vijay Kumar Chaudhary unavailable for comment
Adani Green Energy to Issue Dollar-Denominated Green Bonds
Adani Green Energy, a leading renewable energy company, has announced its plans to issue dollar-denominated green bonds for the first time. The bonds are expected to have an 18-year tenor, reflecting the company’s long-term commitment to renewable energy initiatives. This move aligns with Adani Green Energy’s goal of expanding its presence in the renewable energy sector and attracting investment to support its projects.
Bihar Raj Bhavan Directs Banks to De-Freeze University Accounts
In a separate development, Bihar Raj Bhavan has directed banks to de-freeze the accounts of state-run universities after a controversial decision to freeze them. The state government had withheld salaries of Vice Chancellors and frozen the accounts due to their absence at a review meeting. The order to de-freeze the accounts came after a strong warning from the education department of potential FIRs and further salary withholdings if satisfactory replies were not received promptly. Education Minister Vijay Kumar Chaudhary was unavailable for comment on the matter.