PFC Ltd: Incorporation Of 3 Special Purpose Vehicles (SPV’S) For Development Of Independent Transmission Projects (Wholly Owned Subsidiaries Of PFC Consulting Limited, A Wholly Owned Subsidiary Of Power Finance Corporation Limited). For more information please see below link:
SBI moves NCLT against Essel Infraprojects, the bank has Rs 100 crore exposure in 2 SPVs – EQ Mag Pro
The SPVs are involved in separate legal proceedings with SBI. One of them, Coruscation Vidyut Vitaran (Ujjain), which was earlier known as Essel Vidyut Vitaran (Ujjain), is facing proceedings at debts recovery tribunal under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act. State Bank of India has moved the […]
Change in Project Manager For Project SPVs of India Grid Trust
Change in Project Manager For Project SPVs of India Grid Trust. For more information please see below link:
PGCIL Provides Aid to Municipal Corporation of Shimla For Smart City Infra
State-owned Power Grid Corporation of India Ltd (PGCIL) has provided support to Municipal Corporation of Shimla for creating smart city infrastructure. State-owned Power Grid Corporation of India Ltd (PGCIL) has provided support to Municipal Corporation of Shimla for creating smart city infrastructure. As part of its corporate social responsibility (CSR), PGCIL’s initiative has provided support […]
Reliance Power Board Approves Preferential Issue of Shares, Warrants to Reliance Infra
This will reduce Reliance Power standalone debt by Rs 1 ,325 crore and along with planned debt reduction in subsidiaries, Reliance Power consolidated debt will reduce by Rs 3,200 crore in FY22.z New Delhi : The Board of Directors of Reliance Power Limited has approved preferential issue of up to 59.5 crore equity shares and […]
Power Grid Corporation Takes Over Two New Transmission SPVs
The state-run firm had won Fatehgarh Bhadla Transco Ltd and Sikar New Transmission Ltd in competitive bidding conducted by REC Power Distribution Company Ltd. Power Grid is the first state-owned company to offer an infrastructure investment trust (InvIT) as part of the government’s brownfield asset monetization strategy. New Delhi: State-run Power Grid Corporation of India […]
REC Subsidiary RECPDCL Hands Over 2 SPVs to Power Grid
The selection of Power Grid Corporation was carried out through Tariff Based Competitive Bidding (TBCB) for selection of Transmission Developers. New Delhi: REC Power Distribution Company Limited (RECPDCL), a wholly owned subsidiary of REC Limited under Ministry of Power, has handed over two projects specific Special Purpose Vehicles (SPVs) ‘Fatehgarh Bhadla Transco Limited’ & ‘Sikar […]
REC Transfers Two Project Specific SPVs to PowerGrid
REC announced that Fatehgarh Bhadla Transco (FBTL), a special purpose vehicle (SPV) and wholly owned subsidiary of REC Power Distribution Company (RECPDCL), which is a wholly owned subsidiary of REC, was incorporated for Transmission system strengthening for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase II-Part B. Further, Sikar New […]
Powergrid Corporation Raises Rs 2,736 Crore Through InvIT OFS
PGCIL, under the process of monetisation of assets through the InvIT, has transferred 74 per cent of its shareholding to the PGInvIT, it said in a BSE filing. NEW DELHI: State-run Power Grid Corporation of India Ltd (PGCIL) on Friday said it has received Rs 2,736.02 crore through sale of 27.41 crore units in the […]
In first resolution for IL&FS group, Japan’s Orix to buy its wind energy assets
Orix Corporation, which already holds 49 percent stake in these seven wind energy SPVs, will buy the remaining 51 percent stake from IL&FS to take 100 percent control. The IL&FS Energy vertical houses over Rs 14,000 crore of the total group debt of over Rs 90,000 crore. The key lenders to these seven wind energy […]