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Reff Subsea is acquired by HitecVision
Hitec Vision’s deal with Reef Subsea HitecVision has recently announced the acquisition of GC Rieber Shipping ASA (GCR) shares in Reef Subsea. Hitec vision secures 100 percent of the all the shares…
Jindal Brothers Compete for Control of Stemcor’s India Assets
India’s industrial tycoons, brothers Naveen and Sajjan Jindal, have separately expressed interest to buy the iron ore assets of British steel trading group, Stemcor in India, the Financial Times reported…
Dubai has Still Not Come up with a Feasible Long-Term Debt Strategy
Dubai faces a US$22 billion (Dh73.46bn) wall of debt coming due next year, according to an assessment of the emirate’s finances by Moody’s Investors Service, the ratings agency. Most of…
India’s Renewable Energy Investors Suffer as REC Market Heads South
With buyers showing little enthusiasm, the market for renewable energy certificates (REC) in the non-solar energy segment appears to have tanked. RECs are market-based instruments that were created to…
India’s Central Electricity Regulatory Commission (CERC) Announces 2012/13 and up to 2016/17 Prices
The Central Electricity Regulatory Commission(CERC) has announced the floor and forbearance prices to be used for solar/non-solar projects from the FY 2012-13 upto 2016-17. The prices set are shown in…
Debt Retiring Plan at IVRCL: Company is Planning to Sell Three Road Projects to Tata Realty
HYDERABAD — The i nfrastructure firm IVRCL is close to selling three of its road projects to Tata Realty and Infrastructure Ltd in an attempt to retire debt and replenish…
Suzlon Energy Seeking CDR Corporate Debt Restructuring with the Assistance of the Sate Bank of India SBI
Suzlon Energy is seeking to restructure its debt after it failed to pay a $200 million convertible bond redemption earlier this month. The world’s 5th largest wind turbine manufacturer is…
State Bank of India SBI to loan Rural Electrification Corporation (REC) USD 250 million
NEW DELHI, MAR 14 — State-run Rural Electrification Corporation (REC) today said it has signed a loan agreement for $250 million with State Bank of India’s Hong Kong branch for…
India Utility Lanco Seeks Investors for 500 MW Expansion
Lanco Infratech Ltd., India’s second-biggest non-state power generator, is seeking private-equity investors to help expand its solar capacity fivefold as a coal shortage roils its thermal business and payment defaults…
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