Piramal Group is planning to acquire the entire wind portfolio of PTC India across Madhya Pradesh, Karnataka and Andhra Pradesh, which is likely to cost the company around Rs 2,200 crore, the sources said.
Bankers close to the development told FE that they may look at the option of taking the company to the National Company Law Tribunal (NCLT) once the new RBI circular on stressed assets is framed.
ArcelorMittal, which surpassed the one-time settlement offer of Essar promoters for 2x600 MW Mahan thermal power project in Madhya Pradesh, will submit its bid by April 22. The bid will then be opened for Essar to match the o
Renault India plans to bring the EV technology to India, double its volumes by 2022 and introduce new game-changing variants for early turnaround of the company.
While around 24 firms had put in expressions of interest (EoIs), only half of them undertook due diligence for submitting financial bids. “This will be the first vertical among many of IL&FS that will come up for resolution
Kunal Chandra, managing director of Proinso India, the Indian arm of the UK-based solar solutions provider, said going ahead, some of the important events that will drive demand in the solar market would be a procurement driv
The second round of coal auction under the Shakti-B scheme may see far fewer bidders than the first one held in 2017 because of an exclusion criterion. Analysts see power utilities with combined capacity of 407 MW could place
ArcelorMittal has offered lenders Rs 4,800 crore for Essar’s 2x600 MW Mahan thermal power project in Madhya Pradesh, surpassing the Essar promoters' one-time settlement offer of Rs 3,500 crore
The participation of Avantha Group will however depend on the bankers’ valuation of the plant, and at an estimated cost of Rs 3-3.5 crore/MW, it could be valued at Rs 2,100 crore, a source said.
NLC’s chairman and managing director Rakesh Kumar told FE that unlike its UP unit, which has power purchase agreements with UP discoms and will run on domestic coal, there is uncertainty over the Cuddalore unit’s PPAs.
The reduction of annual solar capacity target by China to 30 GW from 55 GW, against the manufacturing target of 115 GW, has created surplus of almost 80 GW in China which they started dumping in countries like India.
The falling rupee and the imposition of safeguard duty have increased the cost of solar panels for Indian developers by 20-25% since June this year, negating the benefits of a 30% fall in panel prices during the period.
Commercial and industrial building owners have shown more enthusiasm as their large power bills justify the expense of solar power systems, even though they get no subsidy.
