Global Solar EPC Company Sterling & Wilson Floats IPO Targeting to Raise ₹31.25 Billion

Global Solar EPC Company Sterling & Wilson Floats IPO Targeting to Raise ₹31.25 Billion

Sterling and Wilson Solar Limited (SWSL), the solar engineering and construction arm of the Shapoorji Pallonji Group, has floated its initial public offering (IPO) targeting to raise ₹31.25 billion (~$442 ...
Solar EPC Company Sterling and Wilson Solar Receives SEBI's Approval for its IPO

Solar EPC Company Sterling and Wilson Solar Receives SEBI’s Approval for its IPO

The Securities and Exchange Board of India (SEBI) has given its approval to Sterling and Wilson Solar Limited (SWSL) to float its proposed initial public offering that is estimated to ...
NTPC and East Delhi Municipal Corporation Form JV to Start Waste to Energy Project

NTPC and East Delhi Municipal Corporation Form JV to Start Waste to Energy Project

The National Thermal Power Corporation (NTPC) and East Delhi Municipal Corporation (EDMC) have come together to sign a joint venture company (JVC) to harness municipal waste into green energy. As ...
IREDA Announces Gross Income of ₹17.8 Billion in FY 2017-18

IREDA Announces Gross Income of ₹17.8 Billion in FY 2017-18

The Indian Renewable Energy Development Agency (IREDA) has posted gross income worth ₹17.8 billion (~$0.24 billion) in financial year (FY) 2017-18. This is an approximate growth of 20 percent over ...
/ / Markets & Policy, Solar
ACME to Reduce its IPO Size from ₹22 billion to ₹10-15 billion

ACME to Reduce its IPO Size from ₹22 Billion to ₹10-15 Billion

ACME Solar Holdings, an Indian renewable energy developer, has decided to re-evaluate its proposed Initial Public Offering (IPO). The company is going to downsize the IPO from ₹22 billion ($0.32 ...
/ / Markets & Policy, Solar
ReNew Power Likely to Acquire 700 MW of Renewable Assets Across Four States

ReNew Power Likely to Acquire 700 MW of Renewable Assets Across Four States

In a bid to expand its foothold in the industry, India’s leading renewable energy project developer ReNew Power, is looking at new acquisition opportunities. According to its Draft Red Herring ...
Indian Solar Sector Received Over $10 Billion in Financing During 2017

Indian Solar Sector Received Over $10 Billion in Financing During 2017

In 2017, the Indian solar sector logged over $10 billion (~₹650 billion) in financing activity, according to Mercom Capital Group’s recently released 2017 Q4 and Annual India Solar Market Update ...
/ / Finance and M&A, Solar
IREDA Gets a Nod from SEBI to Launch IPO

IREDA Gets a Nod from SEBI to Launch IPO

The Indian Renewable Energy Development Agency (IREDA) has received a green signal from the Securities and Exchange Board of India (SEBI) for the launch of its Initial Public Offering (IPO). Now, ...
/ / Markets & Policy, Solar
IREDA Files IPO papers with SEBI

IREDA Files IPO Papers with SEBI

Proceeding with its plan of launching an Initial Public Offering (IPO), the Indian Renewable Energy Development Agency (IREDA) has filed a draft red herring prospectus with the Securities and Exchange ...
/ / Finance and M&A, Solar
ACME’s Initial Public Offering to Fund Bhadla Solar Project

ACME’s $337 Million Initial Public Offering to Fund Bhadla Solar Project

The Securities and Exchange Board of India (SEBI) has approved ACME Solar Holdings’ Initial Public Offering (IPO) worth ₹22,000 million (~$336.86 million). The face value of each equity share is ...
/ / Finance and M&A, Solar
Month in a Minute: Major News Highlights from India’s Solar Industry in May 2019

Month in a Minute: Top Headlines From the Indian Renewable Energy Sector in October 2017

Here is a list of important headlines, developments and data points from India’s renewable energy sector during October 2017. ACME Solar Holdings announced that it is looking to raise $337 ...
IEX Launched IPO

IEX Launches IPO

The Indian Energy Exchange (IEX) launched its initial public offering (IPO) issuing 60,65,009 equity shares at a face value ₹10 (~$0.15) each. The IEX has priced the shares in the ...
/ / Finance and M&A, Other
Initial Public Offering

ACME Solar to Raise $337 Million Through IPO

As expected, ACME Solar Holdings has filed a draft red herring prospectus with Securities and Exchange Board of India (SEBI) for a ₹22,000 million (~$336.86 million) IPO at a face ...
/ / Finance and M&A, Solar
IFC Invest

IFC Invests $103 Million in L&T Infrastructure Finance

The IFC, a member of the World Bank Group, has invested $103 million in L&T Infrastructure Finance Company, a wholly-owned subsidiary of L&T Finance Holdings, by subscribing to the first ...
/ / Finance and M&A, Other
Month in a Minute

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Energy Sector in June 2017

The Ministry of New and Renewable Energy (MNRE) de-empaneled 71 channel partners fromits grid-connected rooftop and small solar power projects program. These agencies had not entered any installation data or ...
IEX IPO

Indian Energy Exchange (IEX) to Launch IPO

The Indian Energy Exchange (IEX), India’s power trading platform, is expected to launch an initial public offering (IPO) soon. The IEX filed draft papers with the Securities and Exchange Board ...
/ / Finance and M&A, Other