Spv

In an exchange filing, Tata Power said it "has received a Letter of Intent (LoI) from PFC Consulting to acquire Paradeep Transmission Ltd, a project special purpose vehicle (SPV)."

Torrent Power acquires 25 MW solar plant for Rs 163 crore

Torrent Power’s long-term power purchase agreement for the project is with the Gujarat Urja Vikas Nigam limited for a period of 25 years at an estimated enterprise value of Rs 163 crore.

Avaada Energy emerges lead suitor to acquire 340 MW solar power assets of Essel Group

Avaada Energy is owned by Vineet Mittal, the former promoter of Welspun Energy. He left the Welspun Group after selling the entire 1.1 GW renewable energy portfolio of Welspun Energy To Tata Power for $1.4 billion.

IL&FS gets NCLT approval for phase 1 InvIT

Roadstar Infra Investment Trust, will get six road projects under Phase I and the SPV for this will be transferred to the InvIT at an aggregate valuation of Rs 9,214 crore

A showcase project runs into trouble as government seeks to monetise rail assets

PRCL is a special purpose vehicle (SPV) formed to build, operate and maintain a 271 km long, Rs 373 crore broad gauge railway line between Surendranagar and Pipavav port in Gujarat. But fundamental pending issues - if not resolved - could "spell the death knell of PPPs in Indian Railways”

Leasing services provided by Indian Railways for land development attracts 18% GST

Rajasthan Authority for Advance Ruling rejects contention that the money deposited is not a lease premium but a security deposit. Makes it clear that lease premium deposited by the applicant is a consideration towards leasing services supplied by RLDA

Sadbhav Infrastructure gets final nod from authorities for 100% stake transfer of 8 SPVs

The eight SPVs are Bhilwara-Rajsamanad Tollway, Bijapur-Hungund Tollway, Dhule Palesner Tollway, Hyderabad-Yadgiri Tollway, Nagpur-Seoni Express Way, Shreenathji-Udaipur Tollway, Aurangabad-Jalna Toll Way and Mysore-Bellary Highway.

IOC eyes asset monetisation via SVP route, may approach PE, VC funds: Report

The funds raised would be used to expand operations and reduce borrowings

I-T dept issues Rs 24,646-crore notice to Sahara’s Aamby Valley

The Income Tax (I-T) department, as part of a special investigation and audit into the account books of the Sahara Group’s Aamby Valley Limited (AVL), has slapped a Rs 24,646-crore tax demand and penalty &#82

IRB targets Rs 5,000 crores from its maiden InvIT IPO on May 3, 2017

Engineering company IRB Infrastructure, on April 25, 2017, became the first firm to announce a public offer in the infrastructure investment trusts (InvITs) space, with a Rs 5,000-crore plus public issue of its fund &#82

REITs to come up in 12-14 months: Knight Frank

According to a report on real estate investment trusts (REITs) released by Knight Frank, the domestic environment is ripe for listing of REITs, an investment vehicle that invests in rent-yielding completed real estate projects. &#82

Maharashtra to set up infrastructure SPV to raise Rs 1 lakh crore

Envisaging an investment of Rs 1 lakh crore in the next five years in the infrastructure sector, the Maharashtra government, on March 18, 2017, proposed to set up a special purpose vehicle (SPV) to &#82

Suzlon, AMP Solar form JV for 15 MW project in Telangana

According to the contract signed on December 21, 2016, AMP Solar shall acquire a 49 per cent stake in Rudra Solarfarms Ltd, a special purpose vehicle (SPV) set-up by Suzlon for executing this project, Suzlon Group said in a statement.

Punj Lloyd's co-development projects to cost Rs 200 cr: Biz Head

In conversation with CNBC-TV18, Rajat Seksaria, VP and Business Head, Punj Lloyd, said Punj Lloyd infrastructure development has won three solar power project in the state of Uttarakhand.

Ujaas Energy up 5%; bags 50 kWp solar power system order

The company has received an order for design, supply, installation, testing and commissioning of grid interactive SPV based solar power system of 50 Kwp at RBI building, Bhopal (MP).

SPV to be set up for Thane smart city project

A special purpose vehicle (SPV) will be set up soon by the government, to facilitate Thane‘s transition into a smart city, stated Thane‘s municipal commissioner, Sanjeev Jaiswal. Thane was in the list of cities &#82

SPV to be soon set for Thane Smart City project: Sanjeev Jaiswal

Thane was in the list of cities released last month by Urban Development Ministry in New Delhi, to be developed as Smart Cities.

DDA to create SPV to boost green parks and nature reserves in Delhi

The Delhi Development Authority (DDA) has decided to create a special purpose vehicle (SPV), for operation and maintenance of its green projects including those related to parks, nature reserves and eco-friendly corridors, so as &#82

Sebi issues draft paper on REIT to attract investors, realtors

Sebi also proposed removal of restrictions on REITs (Real Estate Investment Trusts) relating to investment in special purpose vehicle (SPV) structures while norms relating to related party transactions would also be eased.

'REITs to be a reality, first listing in next 12 months'

Real Estate Investment Trusts (REITs) could become a reality now and the first listing is expected in the next 12 months after markets regulator SEBI on June 17 eased norms to attract realtors and investors, according to property consultants

Swelect Energy up 3%, wins 10 MW power project in Karnataka

The company had participated in KREDL solar power project announced by Karnataka Government recently and submitted the bid for the said project.

Debt refinancing to lower interest cost to 10%: Sadbhav Infra

Interest cost is expected to come down by Rs 80-90 crore, said Nitin Patel, Director of Sadbhav Infra.

CIDCO plans integrated township 'Khalapur Smart City'

The Corporation today signed an MoU with three civic bodies, including Khalapur Nagar Panchayat, Kalote Mokashi Gram Panchayat and Nadode Gram Panchayat, representing 11 villages, at a 'Make in India' Week event to develop the township project.

Vedanta used Cairn loan to repay inter-company loan

Cairn India's USD 1.25 billion loan to its promoter group, which had spooked investors, was used by Vedanta Ltd to repay another inter-company loan taken for acquisition of the oil company.

Maharashtra govt to buy back Kolhapur proj from IRB Infra

The government earlier in the week allowed developers to divest 100 percent equity in projects two years after completion to fast-track award and implementation of highway projects in the country by making additional funds available for investment in projects.