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Blackstone-backed NCC to sell more stake in power project to Sembcorp

TEAM VCC

NCC Ltd has signed a pact to sell some more stake in Sembcorp Gayatri Power Ltd (SGPL) to Singapore's Sembcorp Utilities Pte Ltd for Rs 301.26 crore (about $45.4 million) in the second tranche of a transaction agreed last month.

India negates apprehensions about low solar power tariff sustainability

Priyanka

At a time when apprehensions are being raised about the sustainability of India’s solar power tariffs, the government and its executing agencies are of the view that “there is no cause for worry”.

ADB to lend up to $175M to renewable energy firm Mytrah

Joseph Rai

Hyderabad-based power producer Mytrah Energy (India) Ltd said on Thursday it will raise up to $175 million (Rs 1,164 crore) in loans from the Asian Development Bank to fund its wind and solar projects.

 Exclusive: Anil Ambani’s proposed housing complex in Mumbai up for sale

Swet Sarika

Anil Ambani-led Reliance Group has initiated a process to sell an under-construction residential complex in Bandra’s Pali Hill area in Mumbai that was to house senior executives of the company, multiple people familiar with the development told VCCircle.

Shah Junaid/VCCircle
India negates apprehensions about low solar power tariff sustainability

The government aims to achieve 100 gigawatt of solar power capacity by 2022.

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