MGL set to hit the capital markets to raise around Rs 1,040 cr via IPO

MGL set to hit the capital markets to raise around Rs 1,040 cr via IPO

India’s second biggest CNG retailer, Mahanagar Gas Ltd (MGL) is set to hit the capital markets on Tuesday to raise around Rs 1,040 crore through an initial public offer. MGL, a major distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and adjoining areas, receives gas at its stations located at […]

CLP and Suzlon form joint venture for 100 MW solar project

CLP and Suzlon form joint venture for 100 MW solar project

CLP India, one of the largest foreign investors in the Indian power sector and Suzlon Group announced that they have entered into a joint venture for a 100 MW solar project at Veltoor in Telangana. Under the agreement between CLP India and Suzlon Group, CLP India acquired 49% stake in SE Solar, a special purpose vehicle (SPV) set-up by […]

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