Orient Green Power's board has approved a plan to enter into exclusive discussions with IL&FS to explore a merger of their wind energy assets, it said in a regulatory filing. ET was the first to report about the potential merger, on January 19. Orient Green said the merged entity will have 1.2 GW of operating wind capacity. "Both companies have entered into a non–binding agreement with an exclusivity period of 90 days. At this stage, the companies would like to clarify that any potential outcome is subject to due diligence, definitive documentation and approvals by regulators, creditors, shareholders and other stake holders," the filing said.
The South Delhi Municipal Corporation (SDMC) has initiated a scientific mechanism of collection, transportation and management of garbage and waste with the help of IL&FS (Infrastructure leasing and financial services) by deploying a number of fixed compact compressors and different kind of tippers, green waste management by using wood chippers, construction of more and more public toilets, discouraging open defecation and training citizens and Resident Welfare Association (RWAs) on the procedure of segregation of the waste. The SDMC is also going to set up the first bio-gas plant at Goyla Dairy in the Najafgarh Zone, spread over an area of two acres. T he project, developed by the South Delhi Municipal Corporation (SDMC), will be constructed on the Public Private Partnership model, an official said.
An overview of development of port based integrated development and IMICL’s project is an Integrated Maritime Complex in Nana Layja, Gujarat. This article was published in Gujarat Infrastructure Annual Issue in January 2017.
IL&FS Transportation Networks (ITNL) is aiming to reduce interest costs, lower debt equity ratio and make its projects debt-sustainable in the next 18 months. The company’s larger strategy to arrest its debt woes includes debt refinancing, infrastructure investment trusts (InvITs) and bonds issuance. For ITNL, the current financial year has been a mix of winning new orders and commissioning projects under execution. Although positive in the long run, analysts see this as a tough mix for the company where both capital requirements and debt repayments are bound to rise.
Unnati is an English imparting programme for students of class IX and X in 1115 government schools of the Uttarakhand. IL&FS Education is likely to depute as many as 1115 experts to train the government school kids for almost two months' time.
Interview with Mr Sunil Wadhwa, MD of IL&FS Energy Development Company Limited (IEDCL). At IEDCL, Wadhwa spearheads the IL&FS group’s initiatives in the power sector. IEDCL has been closely associated with several projects for private sector players, state governments and public sector enterprises besides its own projects. Initially, the energy sector projects were developed and housed in a “special infrastructure projects” group of IL&FS. In 2007, IEDCL was incorporated as a separate business entity to play a more focused and active role in energy sector development.
Gulf CEO Business Review covered Amit Datta, CEO and Daan Schute Commercial Director on what makes the terminal the best in the region.
Fujairah Observer covered IPTF’s "greening initiative" in its tank terminal which is first of its kind initiative in the world’s second bunkering hub.
AcadGild has successfully trained students worldwide through its professional certification training courses. Their partnership with IL&FS Skills enables them to expand beyond its current vocational and skill-based training programs, to technologically advanced, professional courses like Android Developer, Big Data & Digital Marketing. This move helps them expand the reach of their courses through more than 100 IL&FS Skills centres across the country.
IL&FS Transportation Networks (ITNL) plans to put three or four road assets valued at between R4,500 crore and R5,000 crore in an infrastructure investment trust (InvIT). The initial offer to the public could be for a quantum of R2,000 crore-2,500 crore, senior executives of the company have indicated. Dilip Bhatia, chief financial officer, IL&FS Transportation Networks, told analysts on Tuesday that the company had applied for an InvIT and was awaiting an approval from the Securities and Exchange Board of India (Sebi). “While the exact details are being worked out, the initial offer to the public would be in the range of R2,000 crore-2,500 crore,” he said. The road assets placed in the InvIT would comprise a mix of toll projects and annuity projects, Bhatia said. Bhatia said that apart from the outright sale of assets, the InvIT will also help the firm reduce debt at the consolidated level. The company’s consolidated debt at the end of June 30, 2016 stood at over R26,600 crore. Recently, IRB Infrastructure Developers filed a draft red herring prospectus (DRHP) with the capital markets regulator to raise R4,300 crore, making it the first company to do so. Among other infrastructure players, Sterlite Power has also articulated plans for an InvIT. On a standalone level, ITNL expects to reduce its debt by R1,000 crore through sale of assets. The standalone debt stood at around R9,200 crore as on June 30, 2016. In August, the company signed a share purchase agreement with Cube Highways & Infrastructure Pte Ltd, backed by I Squared Capital for the sale of its entire equity stake in the 328-km Andhra Pradesh Expressway (APEL) for an aggregate value of R140.37 crore. As part of the deal, debt of R497 crore will also be taken over by Cube Highways.