Global Infra Partners, KKR, Brookfield, I Squared Capital and Macquarie are among the 15 large funds in the race for buying over 1,000-megawatt renewable energy assets of Infrastructure Leasing & Financial Services Ltd (IL&FS).
JSW Steel, which came from behind to surge ahead of the Tatas in the race for Bhushan Power and Steel Ltd (BPSL) with an offer of Rs 19,700 crore, is unlikely to face competition in its bid to acquire the stressed asset with the Tatas unwilling to raise their original offer.
Tamil Nadu: Sterlite Copper Unveils Six Public Welfare Projects Worth Rs 100 Crore In Thoothukudi District
Delivering on its commitment made during the National Green Tribunal (NGT) hearing last month (December 2018), Sterlite Copper, yesterday (11 January 2019), announced six projects of around Rs 100 crore for public welfare
Adani Green Energy has acquired 51% Equity Share Capital of Kodangal Solar Parks from FS India Devco on 11 January 2019. With this acquisition, Kodangal Solar Parks has become wholly owned subsidiary of the company.
The National Company Law Appellate Tribunal (NCLAT) on Friday suggested that all further proceedings for transfer of assets of crisis-hit Infrastructure Leasing and Financial Services Ltd (IL&FS) should take place under the supervision of a retired Supreme Court judge.
A consortium of bankers approved the resolution plan submitted by Royale Partners to acquire Essar Group’s EPC Constructions, preferring the Mauritius investment fund over steel giant ArcelorMittal.
Private sector lender Bandhan Bank reported a lower-than-expected 10.3% growth in net profit to ₹331.26 crore for the quarter ended December as it classified loans given to troubled infrastructure developer IL&FS Group as non-performing.
TPDDL, a joint venture(JV) between Tata Power and the Government of NCT of Delhi, has inked an agreement with Norwegian company PIXII to explore use of distributed pole-mounted storage for a resilient and sustainable distribution grid.
In a possible tweak to its strategy, Tata Steel may retain up to 30 percent of its shareholding in its South East Asian units, which had been put on the block.
Tata Power, Torrent, JSW Energy, Greenko, Sterlite Power and Statcraft are among the 15-plus applicants who have submitted their expressions of interest (EoIs) for IL&FS group’s renewable energy assets worth Rs 8,000 crore — the second largest vertical after roads.