Business & Finance

Sterling and Wilson Solar promoters facilitate repayment of Rs 500 crore

The proceeds have been utilised to reduce our external borrowings by an equivalent amount New Delhi: Sterling and Wilson Solar on Tuesday said that its promoters have facilitated repayment of Rs 500 crore as per the revised schedule of repayment approved by the board. “Sterling and Wilson Solar Ltd (SWSL) has received additional Rs 500 […]

Business & Finance

PE-VC companies invest $5.9 billion across 164 deals in the Q4FY20

April 1, 2020 Anand Gupta

The latest quarter witnessed 14 PE-VC investments worth $100 million or more, down from the 20 such transactions in the same period last year Privatee equity-venture capital (PE-VC) firms invested $5.9 billion across 164 deals in the quarter ended March 2020, 36 per cent lower than the $9.2 billion across 249 transactions during the same […]

Business & Finance

Sterlite Power secures Rs 2K cr funding to execute Lakadia Vadodara project

March 30, 2020 Anand Gupta

Sterlite Power on Wednesday said it has secured Rs 2,024 crore funding from IndusInd Bank and L&T Infrastructure Finance to execute Lakadia Vadodara transmission project. Sterlite Power on Wednesday said it has secured Rs 2,024 crore funding from IndusInd BankNSE -1.35 % and L&T Infrastructure Finance to execute Lakadia Vadodara transmission project. Sterlite Power has […]

Business & Finance

Tata Power partners with World Wide Fund for Nature to celebrate Earth Hour 2020

March 27, 2020 Anand Gupta

~ Urges citizens to ‘GIVE UP’ wasteful consumption of electricity and be the ‘Voice for the Planet’~ Sustainability is at the centre of Tata Power’s core philosophy, as India’s largest integrated power utility it has always led the way in generating green power & reduce carbon emissions to combat climate change. This year, as the world […]

APPOINTMENT OF CONSULTANT FOR CONDUCTING LEGAL DUE DILIGENCE OF THE LAND FOR SOLAR PV PROJECTS

Business & Finance

NTPC acquires Centre’s stake in NEEPCO, THDC for Rs 11,500 crore

March 27, 2020 Anand Gupta

The company informed it signed share purchase agreement on Wednesday to buy central government’s entire 74.496 per cent stake of THDC for a consideration of Rs 7,500 crore New Delhi: Making an aggressive bid, the country’s largest power producer NTPC on Thursday announced acquisition of the government’s entire stake in two hydropower producing companies – […]

Business & Finance

Japan’s Mitsubishi, Chubu Elec completes $4.5 billion purchase of Eneco

March 26, 2020 Anand Gupta

TOKYO: Japanese trading house Mitsubishi Corp (8058.T) and Chubu Electric Power (9502.T) said on Wednesday that they have completed a 4.1 billion euro ($4.5 billion) acquisition of Dutch energy firm Eneco on March 24. In November, the Japanese companies were selected as the preferred buyers in a bid for the Dutch company, beating rival […]

Business & Finance

Amtech Announces Sale of Solar Business and Changes to Executive Team

January 30, 2020 Anand Gupta

Full Focus Now on Growth Strategies for its Semiconductor and Silicon Carbide Businesses TEMPE, Ariz: Amtech Systems, Inc. (NASDAQ: ASYS), a manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power chips, electronic assemblies and light-emitting diodes (LEDs), today […]

Business & Finance

Consortium of ENGIE and NAREVA declared bidder for Gafsa solar plant

January 16, 2020 Anand Gupta

The consortium will be responsible for developing, designing, financing, building, operating and maintaining the 120 MWp Gafsa photovoltaic power plant over a period of 20 years from commissioning. he consortium led by ENGIE (ENGIE.com) and NAREVA has been declared preferred bidder for the construction of the Gafsa photovoltaic power plant, which was launched as an […]

Business & Finance

Energy trader Trafigura invests in its first solar project in Mali: statement

January 16, 2020 Anand Gupta

LONDON: Global commodities trader Trafigura has made its first investment in a solar power farm, located in Mali, as part of the company’s efforts to develop a renewable energy footprint, it said on Wednesday. The project in Kita outside the capital Bamako will have a capacity to produce 50 megawatts (MW) of electricity when construction […]

Business & Finance

Panasonic’s India arm eyes Rs 500 cr revenue from solar business in 3-4 years

January 13, 2020 Anand Gupta

Japan-based Panasonic Corporation’s Indian subsidiary Panasonic Life Solutions is eyeing Rs 500 crore revenues from its solar business in the next 3-4 years, with focus to become a leading rooftop EPC player. Panasonic Life Solutions India, earlier known as Anchor Electricals, is also looking to expand its electric vehicle charging offerings across the country. […]