First Bids Under IL&FS Asset Monetisation Expected Soon Updated On Mon, Mar 18th, 2019 by Saurenergy The sale of its renewable energy business will reduce the total debt of IL&FS by Rs 5,000 crore. Cash-strapped IL&FS Group will receive first set of bids under the asset monetisation process on Monday as part of the resolution process, according to sources. The company’s board will later consider bids for Rs 8,000 crore renewable energy business that […] Read more
IL&FS to Monetise its Green Energy Portfolio Worth Rs 8,000 Crore Updated On Thu, Nov 29th, 2018 by Saurenergy This comes on the backdrop of IL&FS already having received a good response for the potential sale of its two arms. Debt laden Infrastructure Leasing & Financial Services has decided to monetize its renewable energy assets worth Rs 8,000 crore and has initiated the process to sell its controlling stake in green energy business as […] Read more
IL&FS Violates Metering Norms at Solar Plants of SoftBank Energy and ACME Solar Updated On Thu, Sep 6th, 2018 by Saurenergy IL&FS has been found violating the metering norms in the solar power plants set up by SoftBank Energy (SB Energy)and ACME Solar in Rajasthan’s Bhadla solar park. Rajasthan Urja Vikas Nigam (RUVNL), under the gross violation of metering norms by IL&FS, has ordered the constitution of a committee to look into the matter. Solar power […] Read more
