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Daily Archives: October 9, 2011

M AND B Switchgears’ solar-power business makes public issue a high risk

According to reports, investors can give the initial public offering (IPO) of transformer-maker M AND B Switchgears (M AND B) a miss. Demanding valuations, entry into risky solar-power-generation business, poor profitability in the mainstay transformer business besides extremely small scale of operations make this offer unfit for retail investors. The offer price band is Rs 180-186. With earnings per share of Re 0.50 (on pre-offer share capital) for fiscal year (FY) 2011, the offer is at a significant premium to ... Read More »

Financing power projects- a strategic one day conference on financing renewable energy projects

According to recent reports, the energy sector has attracted maximum investments from the private equity players during July-September, the third quarter of calendar year 2011. Of the $2.25 billion worth PE placements across 98 deals in Indian companies during the quarter, about $823 million, or 37%, was in 16 energy-sector companies, according to data by Chennai-based research firm Venture Intelligence. Among some of the largest investments in the quarter are The Blackstone Group-owned Sithe Global Power’s around Rs1,280 ($261 million) ... Read More »

For PE firms in India, energy is a red-hot pick

According to reports, the energy sector has attracted maximum investments from the private equity players during July-September, the third quarter of calendar year 2011. Of the $2.25 billion worth PE placements across 98 deals in Indian companies during the quarter, about $823 million, or 37%, was in 16 energy-sector companies, according to data by Chennai-based research firm Venture Intelligence. Vikram Uttam Singh, head-private equity, KPMG, said, “We saw deals of close to $5 billion in the energy space last year ... Read More »

India needs uniform regulations in global wind energy market

  According to reports, India needs uniform regulations in global wind energy market says Paulo Fernando Soares, Global CEO, Kenersys. Kenersys is a relatively new entrant in the global wind energy market, with a target of installing 150 mega watt (mw) wind turbine by December. These plans are noteworthy, given that its installed base was 30 mw last year, its first full year of operations.   Despite its small installed base and lack of size, the Germany-headquartered Kenersys Group is ... Read More »

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