Hindustan Zinc would purchase up to 200 MW of renewable energy

07 Sep 2022 CW Team

Hindustan Zinc has signed a long-term renewable power delivery deal with a capacity of 200 MW and purchased a 26% stake in Serentica Renewables India 4, a special purpose entity, for Rs 3.5 billion.

The SPV was established by Sterlite Electricity Transmission to carry out renewable energy projects in order to meet Hindustan Zinc's long-term power needs.

The remainder of the shares in the SPV will be held by affiliated businesses of Hindustan Zinc. The project will be financed at a debt-to-equity ratio of 70:30.

According to the investment agreement, the equity investment will be equal. The agreed-upon pricing has been independently benchmarked by a third party using a cost-plus methodology recommended by the Central Electricity Regulatory Commission and the current market tariff for renewable energy.

Also read:
NHPC inks MoU with PTC India for sale of power
CEB invites bids for ground-mounted, floating solar projects

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..