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Articles for Spv, search results for official

RECPDCL transfers Khavda transmission project SPV to Power Grid Corporation of India
1 month, 3 weeks ago

RECPDCL transfers Khavda transmission project SPV to Power Grid Corporation of India

Live Mint  

New Delhi, November 20 : REC Power Development and Consultancy Limited, a wholly-owned subsidiary of REC Limited under the Ministry of Power, has successfully handed over the Special Purpose Vehicle for the Khavda V-A HVDC Transmission Project to Power Grid Corporation of India Limited. According to REC, the official transfer ceremony took place in Gurugram, marking a significant milestone in …

India Transfer Power Nagpur Rec Pgcil Spv
Govt to give renewables their moment in the sun
5 years, 4 months ago

Govt to give renewables their moment in the sun

Live Mint  

New Delhi: In a renewed push to cut India’s dependence on fossil fuels, the central government wants state-run companies to build massive clean energy parks at a cost of around $2 billion each, with built-in incentives to ensure states and operators are invested in the success of the parks. The proposed ultra mega renewable energy power parks of 2,000 megawatts …

India Energy State Renewable State Governments Spv Power Parks
Air India could post over Rs 7,600 crore loss in 2018-19, highest so far
5 years, 7 months ago

Air India could post over Rs 7,600 crore loss in 2018-19, highest so far

India TV News  

In what could make Air India sale an uphill task for the government, the national carrier could report highest-ever loss of over Rs 7,600 crore in financial year 2018-19 on account of low fleet utilization and high fuel prices among others. In order to sweeten the deal for Air India this time, the government is likely to offer entire 100 …

India Air Crore Airline Jet Airways Spv
Air India deal to be sweetened further with 100% stake offer
5 years, 7 months ago

Air India deal to be sweetened further with 100% stake offer

Live Mint  

New Delhi: Moving at jet speed, the two-stage bid process for selling of entire 100% equity stake in national carrier Air India could kickstart as early as 7 July. Multiple sources said that selling of Air India is the unfinished agenda of the previous government and now that they have made a comeback, the deal would be concluded this time. …

India Air Stake Offer
Air India deal to be sweetened further, PIM likely by July 7
5 years, 7 months ago

Air India deal to be sweetened further, PIM likely by July 7

The Quint  

By Nirbhay Kumar New Delhi, June 4 Moving at jet speed, the two-stage bid process for selling of entire 100 per cent equity stake in national carrier Air India could kickstart as early as July 7. "Besides offering 100 per cent stake to private investors, more loans of the airline would be transferred to the special purpose vehicle in order …

India Air
Air India asks govt to refinance ₹20,000 crore debt by 31 March
5 years, 10 months ago

Air India asks govt to refinance ₹20,000 crore debt by 31 March

Live Mint  

Mumbai: Air India, which has transferred interest payment liabilities of ₹29,000 crore of its total debt to a special purpose vehicle, has suggested that the government refinance ₹20,000 crore debt by 31 March. Air India has net debt of about ₹55,000 crore, including the ₹29,000 crore that is to be transferred to the SPV after approval from banks. With oil …

India Air Debt Official Crore Airline Interest Payment
Govt eyes about ₹7,000 crore from Air India sale
6 years ago

Govt eyes about ₹7,000 crore from Air India sale

Live Mint  

New Delhi: The government is eyeing around $1 billion from the sale of national carrier Air India in the next financial year, a government official said. In November last year, a ministerial panel headed by Finance Minister Arun Jaitley had approved transferring ₹ 29,000 crore debt to a special purpose vehicle -- Air India Asset Holding Company. After a botched …

India Sale Air Plan Spv Crore Debt
Air India privatisation: Govt to initiate disinvestment process in FY 2020, eyes around $1 billion from sale
6 years ago

Air India privatisation: Govt to initiate disinvestment process in FY 2020, eyes around $1 billion from sale

Firstpost  

New Delhi: The government is eyeing around $1 billion from the sale of national carrier Air India in the next financial year, a government official said. In November last year, a ministerial panel headed by finance minister Arun Jaitley had approved transferring Rs 29,000 crore debt to a special purpose vehicle – Air India Asset Holding Company. After a botched …

India Sale Plan Crore Debt Spv Air Initiate Disinvestment