The ongoing shortage of finance in the banking system and the non-banking financial companies (NBFCs) is impacting the growth of the renewable energy sector by impeding credit flow for projects,Continue Reading
Since September 2018, India’s Non-Bank Financial Companies (NBFC) have been in a crisis after Infrastructure Leasing, and Financial Services (IL&FS) admitted to defaulting on several payments to its creditors, consequentlyContinue Reading
Now defunct, Infrastructure Leasing & Financial Services Ltd’s (IL&FS) which has a 26% stake in ONGC Tripura Power Co. Ltd (OTPC), which runs the Palatana power project in Tripura. IfContinue Reading
Japan’s Orix Corp., which owns a 49% stake in each of the seven operating wind power plants of debt-laden IL&FS group, has expressed its intent to buy out the remainingContinue Reading
The energy business of debt-laden Infrastructure Leasing and Financial Services (IL&FS) appears to be the favorite among the prospective investors in the IL&FS asset monetisation plan. The renewable energy businessContinue Reading
Tata Power, Torrent, JSW Energy, Greenko, Sterlite Power and Statcraft are among the 15-plus applicants who have submitted their expressions of interest (EoIs) for IL&FS group’s renewable energy assets worthContinue Reading
Uday Kotak-led board has invited expressions of interest for renewable energy assets of the IL&FS group which is worth over Rs 8,000 crore. Statkraft is among those that have shown interestContinue Reading
GAIL India is looking to buy 775 megawatts (MWs) of wind energy assets from IL&FS Energy Development Co., a unit of IL&FS, and has approached investment bankers to advise onContinue Reading
