Tags: IL&FS Energy

IL&FS board seeks NCLT nod to sell 7 wind power units to Orix for Rs 4,800 cr

The IL&FS board on Tuesday sought the approval of the National Company Law Tribunal (NCLT) to sell seven wind assets to Japan’s Orix Corporation for Rs 4,800 crore, which will help reduce its debt burden of Rs 94,000 crore. Orix Corporation of Japan is already an equity partner in the group and owns 49 percent […]

Read more

Orix to buy seven 874 MW wind energy plants of IL&FS

Debt-ridden IL&FS on Sunday said Japan’s Orix Corporation, which owns 49 per cent share each in its seven operating wind power plants, has expressed intent to buy the remaining stake in those assets. The seven wind power plants, in the form of special purpose vehicles (SPVs) and owned by IL&FS Wind Energy Limited (IWEL), are […]

Read more

IL&FS, SB Energy partners to develop 20 GW grid connected solar parks by 2025

In a major boost to Government of India’s ambitious target of adding 100 GW of solar power by 2022, IL&FS Energy, a subsidiary of IL&FS has partnered with SB Energy (with investments from SoftBank Group International), to jointly develop grid connected solar parks. These parks will be developed across various locations in India. IL&FS Energy […]

Read more