Pvt ltd co. issue shares to raise capital

Sir,

Can A pvt ltd company issue shares at premium to its own share holders, and new one as well as to raise money from the market for future expansion , as the co. has new projects in hand. The Authorised share Capital of the pvt ltd., co. is Rs.100000/- ( only ). first it should raise its Authorised share capital. The new project is around Rs120 cr.

What are the ways and means to raise capital . pls let me know sir.

Thanks and Regards.

Narendra