Search

Home » Finance

Category Archives: Finance

Renewable energy no longer a niche to institutional investors

According to reports, institutional investors remain eager to put money to work on renewable energy projects even as U.S. President Donald Trump has vowed to revive their chief competitor: coal, financial executives said at a conference this week. “Five or six years ago, funds weren’t specifically targeting renewable investment; today it’s a key component of infrastructure investment,” said David Giordano, managing director and head of North American, Latin American and Asia Pacific investments at BlackRock, on the sidelines of the ... Read More »

IREDA awaits RBI nod to issue green masala bonds

According to reports, the Indian Renewable Energy Development Agency (IREDA) is waiting for the approval of the Reserve Bank of India to issue green masala bonds having a tenure of five years to raise close to $300 million, a source said. A masala bond is a rupee-denominated bond issued in the overseas market. A green bond is used to raise money to fund green projects. The central bank recently issued a new notification stating that all proposals for issuing masala bonds ... Read More »

NHPC awards 50 MW solar project order to L&T

According to reports, State-run hydro power giant NHPC has awarded an order of Rs 287.48 crore for setting up 50 MW solar power capacities at Theni and Dindigul district of Tamil Nadu to Larson and Tubro Ltd. “An EPC contract for the development of 50 MW Solar PV grid connected project located at Theni and Dindigul district in Tamil Nadu has been awarded to Larson & Tubro, L&T Construction, Manapakkam, Chennai for an amount of Rs 287.48 crore with comprehensive ... Read More »

Chennai Metro to draw solar power, save ₹1.5 crore a year

According to reports, the Chennai Metro Rail Ltd, a joint venture of the Central and Tamil Nadu governments, intends to install solar power plants at its stations and the Koyambedu maintenance depot to provide 6 MW of electricity. Bengaluru-based CleanMax Solar will put up and own the solar plants and sell the power to Chennai Metro. The price at which the energy will be sold has not been disclosed, but a press release from CleanMax says Chennai Metro would save ... Read More »

Chinese firms inks deal with Adani, to invest $300 million in Gujarat

According to reports, India’s Adani Group inked a deal with East Hope Group, one of China’s largest companies, which will invest over $300 million to set up a manufacturing unit for solar power generation equipment in Gujarat. “The MoU signed between the two leading companies from India and China proposes to set up manufacturing units in Mundra SEZ, Gujarat to produce solar power generation equipment, chemicals, aluminum and animal feed, and to put in place East Hope Group’s engineering and ... Read More »

Indian Energy Exchange files IPO papers with Sebi

According to reports, Indian Energy Exchange (IEX) Ltd has filed draft papers with capital markets regulator Sebi to float an initial public offering (IPO). The IPO will see sale of 6,065,009 equity shares by existing shareholders including Tata Power Company Ltd, Aditya Birla Group’s private equity arm , Madison India Capital and Renuka Ramnath-led Multiples Alternate Asset Management Pvt Ltd. Besides, AF Holdings, Kiran Vyapar Ltd, Golden Oak (Mauritius) Ltd and IEX’s former chief executive Jayant Deo would offload shares ... Read More »

Tata Sons may put Welspun deal under lens due to concerns over corporate governance

According to reports, Tata Sons is considering a forensic audit of last year’s purchase of Welspun Renewables Energy Pvt for Rs 9,249 crore by Tata Power Ltd because of concerns over corporate governance, allegedly inflated valuations and the unusual swiftness in execution, two persons with direct knowledge of the development told ET. The 2016 acquisition, which made Tata Power one of India’s largest renewable companies with a capacity of 2.3 gigawatts, was a key point of friction between former Tata Sons chairman ... Read More »

Scroll To Top