Il&fs energy development company ltd - Latest News Update, Information, Photos & Videos on Il&fs energy development company ltd at Lokmat Times

Mumbai, July 31 IL&FS has sought request for proposals to sell the stake of IL&FS Energy Development Company Ltd (IEDCL) in Shendra Green Energy Ltd (SGEL).SGEL is a 100 per cent subsidiary of IEDCL.In an advertisement, IL&FS has said that LSI Financial Services Pvt Ltd is the transaction advisor to IL&FS for the potential transaction.SGEL is a 13 MW biomass-based power with 21.6 acres of land, incorporated on February 18, 2005 and is situated in Shendra MIDC Aurangabad, Maharashtra.The company had signed PPA with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 13 years on October 12, 2006 and started commercial operation on December 7, 2008. Currently the plant is not in operation since June 2015.On April 20, 2016, the Company had notified MSEDCL to terminate the PPAIL&FS said that the eligible applicants have to submit the RFP by 6 p.m., August 30, 2021."IL&FS reserves the right to suspend, modify or terminate the potential transaction at any time without providing any reason or incurring any liability to any party," the advertisement said.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Il&fs Energy Development Company LtdFOLLOW

Il&fs energy development company ltd, Latest News

Maharashtra :IL&FS plans to sell stake in Shendra Green Energy

Mumbai, July 31 IL&FS has sought request for proposals to sell the stake of IL&FS Energy Development Company ... ...