Coal India to Spend Rs 12,000 Crore for Capital Expenditure, Infrastructure

Coal India Limited is planning to invest about Rs 6000 Crs towards capital expenditure in the next fiscal and an equal amount on augmenting other infrastructure, including rail connectivity. According to a filing to BSE, CIL and its subsidiaries are proposing to invest around Rs 6,000 crore in 2015-16 towards capital expenditure. Further,...

Read More...

SunEdison planssolar parks for commercial & industrial establishments in Tamil Nadu

  SunEdison is planning to establish a solar park of 18 MW capacity in Tiruneveli, Tamilnadu. It is also looking at more such parks in the State as more numbers of commercial establishments and industries are expected to go in for solar power systems. With the option of open access, there is opportunity for more number of commercial...

Read More...

Rays Power Experts looks to raise Rs 400 Crs

  Rays Power Experts is planning to raise funds of Rs 400 Crs from private equity firms.   According to sources, company is in discussions with Blackstone & Gujarat Venture Finance among others.   Rays Power sets up solar parks and provides services ranging from land identification to acquisition, supplying of solar panels...

Read More...

Government Approves INR 578 Crore FDI proposals for two renewable energy projects

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 4 February 2015, Government has approved 11 proposals of Foreign Direct Investment amounting to INR 1075.91 crore approximately; out of which two projects are from the power and renewable energy sectors. Solar Arise India Projects Pvt. Ltd....

Read More...