State-run Rail Vikas Nigam Ltd (RVNL), a special purpose vehicle created in 2003 for rail project development and mobilising financial resources, has received regulatory nod for an initial public offering (IPO).
Two Indian renewable energy firms are set to unveil stock market listing plans in the coming weeks, giving investors a new way to gain exposure to the sector at a time when India is pushing to make renewable power a bigger part of its energy mix.
Private equity firm Everstone Group has formed an equal joint venture with British solar power company Lightsource BP to set up a £500 million ($710 million or Rs 4,673 crore) India-focussed green energy fund.
Indian Renewable Energy Development Agency Ltd (IREDA), a state-owned company that finances green energy projects, has filed a draft red herring prospectus for an initial public offering.
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.