The promoters of Sterling Wilson Solar currently owe the company Rs 2,341 crore, which includes a principal amount of Rs 2,085 crore and interest of Rs 256 crore New Delhi : Shapoorji Pallonji Group, the promoter of Sterling Wilson Solar, is exploring several options, including making Eureka Forbes public or selling stake in its engineering […]
Shapoorji Pallonji may sell Forbes stake to pay back Sterling Wilson
The promoters of Sterling Wilson Solar currently owe the company Rs 2,341 crore, which includes a principal amount of Rs 2,085 crore and interest of Rs 256 crore Shapoorji Pallonji Group, the promoter of Sterling Wilson Solar, is exploring several options, including making Eureka Forbes public or selling stake in its engineering firm Forbes & […]
ReNew Power, Shapoorji Pallonji to invest in 150 MW solar power project
ReNew Power and Shapoorji Pallonji will collectively invest nearly Rs 750 crore in 150 MW floating solar power project in Uttar Pradesh. This is touted to be the first such project in Uttar Pradesh, and is also the largest floating solar energy project in India. The project will come up at the existing Rihand Hydro […]
India to be a large market for storage batteries in two years: Khurshed Daruvala
Interview with chairman, Sterling & Wilson Solar Ltd With a thrust on clean energy in India and overseas markets, Sterling & Wilson Solar Ltd (S&W), the biggest global player in solar engineering, procurement and construction contracts, is planning to launch Rs 4,500 crore initial public offering (IPO). Company’s chairman Khurshed Daruvala, in an interview with Ateeq Shaikh, […]
Sprng buys Shapoorji Pallonji’s solar assets
Actis’ renewable energy arm buys 194MW of solar assets for $200 million With this deal, the total operating and under construction capacity of Sprng will increase to 1.65GW NEW DELHI: Global private equity fund Actis Llp’s renewable energy platform Sprng Energy on Friday acquired 194 megawatts (MW) of Shapoorji Pallonji group’s solar assets for an […]
Actis buys 194 Mw operational solar power assets from Shapoorji Pallonji
S P Infra had last year decided to divest a part of its operating portfolio in order to redeploy capital for the development of new solar projects New Delhi: Shapoorji Pallonji Infrastructure Capital (SP Infra) today announced it has sold 194 Megawatt of operating solar power portfolio to Sprng Energy, a renewable energy platform by […]
Shapoorji Pallonji likely to go public with solar EPC business, says report
The documents will be filed by Sterling and Wilson, the company which houses the EPC business, by early next month, the sources told Mint. The company, the paper said, hired six investment banks to manage the share sale. Shapoorji Pallonji Group is likely to file draft documents with Securities and Exchange Board of India (Sebi) […]