Tags: IL&FS

NCLT allows IL&FS to sell 7 wind assets to Orix for Rs 4,800 crore

The National Company Law Tribunal Wednesday cleared the sale of IL&FS’s seven wind energy assets to Japan’s Orix Corporation for Rs 4,800 crore, which will partially help reduce its debt burden of over Rs 99,000 crore. The tribunal comprising of VP Singh and Rajesh Sharma allowed the government-appointed board’s plea to approve sale of 51 […]

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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 […]

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IL&FS proposes to NCLT sale of wind energy assets to ORIX of Japan

Embattled IL&FS group has proposed to the National Company Law Tribunal (NCLT) the sale of its wind energy business to Japan’s Orix Corporation which will help reduce the debt of the company by Rs 4,800 crore. Infrastructure Leasing and Financial Services (IL&FS) said in a statement it has filed the proposal to complete the sale […]

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IL&FS gets approval for sale of wind energy projects to Orix Corp

Cash strapped Infrastructure Leasing and Financial Services (IL&FS) Monday said it has received approval from NCLAT appointed Justice (Retd) D K Jain for the proposed sale of its balance 51 per of stake in seven wind energy subsidiaries to Orix Corporation of Japan. Justice Jain who has been appointed by the NCLAT to supervise the […]

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IL&FS arm puts its shares in two wind energy assets for sale

Going ahead with its monetisation process, IL&FS Energy Development Company, a subsidiary of the crisis-hit IL&FS, has invited expressions of interest (EoI) to sell its stake in Sipla Wind Energy Ltd and Mahidad Wind Energy Private Ltd. Sipla Wind Energy is a special purpose vehicle with under-construction wind energy project with aggregate capacity of 43.2 […]

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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 […]

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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 […]

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