At present, the account is classified as a special mention account-0 (SMA-0), which effectively indicates that payment is overdue for less than 30 days. This status can be reversed if the payments are made by the company.
Sterling & Wilson Renewable Energy has announced plans to raise Rs 1,500 crore through debt or equity. The company is considering an equity share sale to repay debt maturing this fiscal year, with a scheduled principal repayment of Rs 1,200 crore between September 2023 and March 2024. Shapoorji Pallonji and Company holds an 18.5% stake in the firm, while a Reliance Industries-linked entity owns 40% equity.
Sterling & Wilson Renewable Energy has announced plans to raise Rs 1,500 crore through debt or equity. The company is considering an equity share sale to repay debt maturing this fiscal year, with a scheduled principal repayment of Rs 1,200 crore between September 2023 and March 2024. Shapoorji Pallonji and Company holds an 18.5% stake in the firm, while a Reliance Industries-linked entity owns 40% equity.
India Business News: RIL is concentrating on augmenting the efficiency of its modules, aiming to elevate the Heterojunction Technology (HJT) module efficiency from the pre
Reliance Industries (RIL) plans to commission the first phase of its 20 GW solar photovoltaic giga factory in Jamnagar by March 2024. The factory will be commissioned in four phases of 5 GW each, and after the first phase, it will be scaled up to 10 GW and then to 20 GW by 2026.