The company has divested its stake for a consideration of approximately Rs 286 crore, post the shareholders‘ approval by way of postal ballot on February 1.
The company has, subject to the approval of the members of the company, approved sale of its entire investment of 6,04,93,342 equity shares (15.49 percent) in the paid up equity share capital of Welspun Energy.
Welspun Enterprises Ltd (WEL) is looking to divest its entire 15.49 per cent stake in Welspun Energy.
Skilltree Workplace Excellence Season 2 explores the best workplace practices of three companies – Welspun Energy, United Spirits and Asian Paints.
The company has signed SPA for acquisition of 100 percent stake in Welspun Renewable Energy, which is a subsidiary of Welspun Energy.
Tata Power's subsidiary Tata Power Renewable Energy Ltd (TPREL) will acquire WREPL through a share purchase agreement (SPA), it said in a statement.
Sandeep Garg, MD, Welspun Enterprises says this project will be value accretive, accounting 17-18 percent to the company's margins.
An environment friendly battery made from waste material, that can work continuously for 72 hours with no electricity required developed.
The issue comprises a fresh offering of equity shares aggregating up to Rs 700 crore and an offer for sale of up to one crore equity shares, or 5 percent of stake held by Inox Wind promoter Gujarat Fluorochemicals to the extend of Rs 300 crore. The issue will be listed on both exchanges, NSE and BSE.
The Maharashtra power generation company, Mahagenco has received expressions of interest from Tata Power, Welspun Energy and Essel Power to set up a 50-mw solar plant on PPP model at Shirsuphal in Baramati district.
Welspun Energy is a part of the Welspun Group. NSE Fin Wiz visited the company to gauge thoughts and notions of young professionals of the organization to understand their approach towards investments and financial planning.
MCX | Jyoti Structures | Coal India | Aurobindo Pharma | IL&FS Engineering | SAIL | Punj Lloyd | M&M Financial | Raymond | Wockhardt | HPCL | Future Retail | Reliance Capital and MRPL are stocks, which are in the news today.
According to the Mercom Capital Group's second quarter funding and M&A activity report for solar sector, the VC funding in the solar sector continued to be subpar in the second quarter of 2013, with USD 189 million in VC funding in April-June period compared to USD 126 million last quarter.
Vineet Mittal of Welspun Energy shares an exceptional idea to speed up India's social development. It is inspired by the carbon credits market and he believes that the government should make community development certificates mandatory for cos bidding for government contracts.
Welspun Energy, India's biggest developer of solar projects, today said it has commissioned a 15 mega-watt solar project in Rajasthan ahead of schedule.
Welspun Energy, India's biggest developer of solar projects, said it will invest Rs 1,000 crore in setting up a 100 mega-watt solar power project in Chhattisgarh.
Welspun Energy is in talks with renewable energy funds to sell a small stake in the company and raise USD 150 million to USD 200 million for investments in wind energy farms, the Economic Times reported on Wednesday, citing sources.
Welspun Energy Ltd today said it will invest Rs 5,675 crore in developing two wind power projects in Karnataka over the next five years.