Renewable energy firm ACME Group has filed a draft proposal with the Securities and Exchange Board of India to take its solar power arm public through an initial public offering.
Mytrah Energy Ltd, a renewable energy producer listed on the London Stock Exchange’s AIM segment, has raised $277 million (Rs 1,800 crore) from business conglomerate Piramal Group via non-convertible debentures, a press statement said.
Tata Group chairman N Chandrasekaran is weighing the possibility of shutting down the conglomerate’s mobile telephony vertical, Tata Teleservices Ltd
Negotiations for a merger between the wind power businesses of IL&FS Wind Energy and Shriram Group’s Orient Green Power Ltd have hit a roadblock following the recent fall in wind energy tariffs, a financial daily reported.
Private equity-backed Indian Energy Exchange Ltd, the country’s first exchange for trading of electricity and renewable energy certificates
Indian Oil Corp Ltd said it is in talks with its partners to scout for an alternative, cheaper site for the Pacific Northwest LNG terminal after the recent pullout of the lead developer cast doubt on the future of the Canadian project.
International Finance Corporation has invested Rs 667 crore ($103 million) in L&T Infrastructure Finance Company Ltd by subscribing to India’s first issue of green bonds.
Bangalore-based electric two-wheeler startup Ather Energy Pvt. Ltd said on Tuesday it has appointed Venkatesh Padmanabhan, former chief executive of motorcycle manufacturer Royal Enfield, as its chief operating officer.
Over the last few years, India has significantly transformed its energy policy, with renewable energy emerging as the dominant source of capacity addition. This is triggered by two key factors. First, the government’s strong thrust on the area it aims to build 175 gigawatt of generation capacity by 2022, and achieve 40% cumulative power capacity from non-fossil fuel-based energy resources by 2030.
Private equity-backed Indian Energy Exchange Ltd (IEX), the country’s first exchange for trading of electricity and renewable energy certificates, on Friday filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).