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India Ratings Upgrades Mahindra Renewables’ Senior Term Loans to ‘IND A+’/Stable – EQ Mag Pro

India Ratings and Research (Ind-Ra) has upgraded Mahindra Renewables Private Limited’s (MRPL) senior project term loans to ‘IND A+’ from ‘IND A-’. The Outlook is Stable. The detailed rating action is as follows: nstrument Type Date of Issuance Coupon Rate Maturity Date Size of Issue (million) Rating/Outlook Rating Action Senior project term loans* – – […]

A global solar transition could leave Africa in the shade -EQ

Mahindra Renewables eligible to be compensated for increase in Capital Cost due to Introduction of GST: CERC – EQ Mag Pro

The Central Electricity Regulatory Commission (CERC) held that Mahindra Renewables are eligible to be compensated for an increase in capital cost due to the introduction of GST. The Petitioner, Mahindra Renewables Private Limited is a generating company and has been declared a successful bidder for the development of one unit of 250 MW capacity of […]

Petition for seeking adoption of tariff discovered under Competitive Bidding Process conducted issued by GUVNL for Procurement of 500 MW Power from Grid connected Solar PV Power Projects – EQ

Mahindra Renewables plans $171 mn investment for solar project in Rajasthan

The project will be backed by International Finance Corporation (IFC) Mahindra Renewables Private Limited (MRPL), a wholly owned subsidiary of Mahindra Group (worth $20.7 billion) cleantech arm Mahindra Susten Private Ltd (MSPL) is planning to invest around $171 million to set up a 250 mega watt (MW) solar power project in Rajasthan. The project will […]

Adani Green Energy commissions 180 MW solar power project at Jaisalmer -EQ

IFC to make debt investment in Mahindra Renewables

International Finance Corporation plans to make a debt investment of $36 million (about Rs 260 crore) in Mahindra Renewables Pvt. Ltd to help the company develop a solar power project. IFC may also separately help the wholly owned unit of Mahindra Susten Pvt. Ltd mobilise a syndicated loan of $93 million, the World Bank’s private-sector […]

Gensol Engineering appoints Kapil Nirmal as CEO of West Asia business -EQ