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Shapoorji Pallonji may pledge Tata Sons shares to raise $1.6 billion – EQ Mag

Shapoorji Pallonji is in talks with Ontario Municipal Employees Retirement System, Varde Partners, Cerberus and Farallon Capital Management for the fund raising exercise Shapoorji Pallonji group plans to raise $1.6 billion through private credit facility, according to people familiar with the development. The engineering and infrastructure major may pledge some of its shares in Tata […]

Citigroup expects India to attract $100 billion in foreign Investments – EQ

Shapoorji Pallonji to offload 1.25 percent stake in Sterling and Wilson Renewable Energy – EQ Mag Pro

Construction firm Shapoorji Pallonji and Company Private Limited has proposed to offload the 1.25 per cent shares it holds in green energy company Sterling and Wilson Renewable Energy Ltd New Delhi: Construction firm Shapoorji Pallonji and Company Private Limited has proposed to offload the 1.25 per cent shares it holds in green energy company Sterling […]

Citigroup expects India to attract $100 billion in foreign Investments – EQ

RIL arm grants Rs 750 cr loan to Shapoorji Pallonji Company

Reliance Ventures, a 100% subsidiary of Reliance Industries Limited (RIL), has sanctioned a ₹750-crore loan facility to Sterling & Wilson Private Ltd, an unlisted Shapoorji Pallonji group firm that undertakes contracts to assemble knowledge centres and photo voltaic parks, in accordance to paperwork out there with the registrar of corporations. The loan facility is structured […]

Citigroup expects India to attract $100 billion in foreign Investments – EQ

Sebi Initiates Probe Against Shapoorji Pallonji Group

The Sebi probe follows allegations by a few SW Solar shareholders last year that Shapoorji Pallonji and Co. Pvt. Ltd may have utilised funds raised in SW Solar’s August 2019 public share sale for purposes other than those mentioned in its share sale documents. While Sebi did not respond to a query, SP Group said […]

Growing Appeal Of Offshore Bonds Offers Hope For India’s Green Energy Push – EQ

Lenders finalize Shapoorji Pallonji flagship debt recast

The terms of the recast proposal, however, require Shapoorji Pallonji and Co. to pay the previously agreed interest rate and fully repay the principal. Promoter borrowings of ₹2,724 crore as of 31 March 2020 is, however, expected to be converted into perpetual debt MUMBAI : Lenders to Shapoorji Pallonji and Co. Pvt. Ltd are planning to […]

Citigroup expects India to attract $100 billion in foreign Investments – EQ

Shapoorji Pallonji Group partners Enel X to enter EV charging business

Enel X, the Enel Group’s advanced energy solutions business line and Sterling and Wilson (SWPL), a Shapoorji Pallonji Group company and a leading engineering, procurement and construction (EPC) company, have entered into a joint venture aimed at accelerating the electric vehicle uptake in the Indian subcontinent. Beginning from April 2021, the JV will leverage Enel […]

Maharashtra has highest number of public EV charging stations, followed by Delhi

Shapoorji Pallonji to sell power project in Bangladesh, cut debt

The group’s Bhola power project in Bangladesh may be valued at around $270 mn The gas-fuelled project is being developed by Shapoorji Pallonji Infrastructure Capital Co. as an independent power producer and will help meet electricity demands of 200,000 homes in Bangladesh New Delhi : Shapoorji Pallonji group, the debt-laden construction empire run by billionaire […]

Hydrogen subsidies | Australian solar-to-methanol project secures €24m grant — with half coming from Germany -EQ

Shapoorji Pallonji repays Rs 1,000 cr loans of Sterling wilson

New Delhi: The Shapoorji Pallonji group, promoters of Sterling & Wilson Solar Power have repaid outstanding loans to the tune of Rs 1,000 crore till Tuesday, December 31. In a regulatory filing, Sterling & Wilson Solar Power said, “Please be informed that out of the balance due, consisting of principal and interest (outstanding loan) the […]

Sungrow Forges 850 MW Inverter Supply Contract with Hero Future Energies in India – EQ

Icra downgrades Shapoorji Pallonji rating, assigns negative outlook

ICRA has also taken note of the recent developments in SWSL. Mumbai: IcraNSE 0.63 % has downgraded the long-term rating of Shapoorji Pallonji and Company (SPCPL) to ‘A+’, from ‘AA-’, and short-term ratings to ‘A1’ from ‘A1+’, citing slower-than-anticipated progress achieved by the company in terms of its deleveraging plans through equity infusion and asset […]

Sungrow Forges 850 MW Inverter Supply Contract with Hero Future Energies in India – EQ

KKR to buy solar business of Shapoorji Pallonji, Mytrah

KKR is doubling down on the India renewables story and is in advanced talks to buy the solar portfolio of Shapoorji Pallonji Group for ₹1,500-1,750 crore ($230-250 million), The Economic Times reported citing people aware of the negotiations. It is also in talks to buy Hyderabad-based Mytrah Energy for ₹5,250 crore ($750 million). KKR alone […]

Sungrow Forges 850 MW Inverter Supply Contract with Hero Future Energies in India – EQ