Adani Energy Solutions, previously known as Adani Transmission, has announced the financial closure of $1 billion for its transmission asset currently under development in Mumbai. The company plans to initiate construction work in October. The financial package forms part of a $700 million revolving project finance facility set up in October 2021 for… Continue reading Adani Energy achieves $1 bn financial closure for transmission asset
Tag: transmission
Sterlite Power acquires Fatehgarh III Beawar Transmission from PFC
Sterlite Power Transmission Limited Sterlite Power on Wednesday said it has acquired Fatehgarh III Beawar Transmission, a special purpose vehicle, from PFC Consulting Limited. PFC Consulting Limited (PFCCL) is a wholly-owned subsidiary of Power Finance Corporation Limited under the Ministry of Power. “Sterlite Power acquires Fatehgarh III Beawar Transmission Project in Rajasthan… Continue reading Sterlite Power acquires Fatehgarh III Beawar Transmission from PFC
Powergrid Q1 profit falls 5% to Rs 3,597 cr on subdued transmission demand
Power Grid Corporation of India Ltd (Powergrid) on Monday posted over a 5 per cent decline in consolidated net profit to Rs 3,597.16 crore due to increased finance costs. It had reported a net profit of Rs 3,801.29 crore during the April-June period of the preceding 2022-23 fiscal, the company said in a… Continue reading Powergrid Q1 profit falls 5% to Rs 3,597 cr on subdued transmission demand