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SJVN will be the leading partner in three joint venture companies, whereas SJVN s wholly-owned subsidiary SJVN Green Energy Ltd (SGEL) will be the leading partner in the fourth JV, a company statement said. ....
Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, Government of India has agreed to the proposal of SJVN and Ministry of Power to form four joint venture (JV) companies for the development of Hydro and Renewable Projects in India and Nepal. The company has emerged as a major public sector power entity in the Indian power scenario. The project portfolio of the SJVN is more than 56,000 MW, with a presence in Pan India and Nepal. ....
State-owned SJVN Ltd has secured a Rs 10,000 crore construction finance facility to fund its renewable energy projects from leading domestic and international lenders. The facility, a first-of-its-kind transaction, was arranged by SJVN Green Energy Limited (SGEL) in association with SBI Capital Markets Ltd (SBI CAPS). The facility will allow SJVN to draw down funds on an ongoing basis, enabling it to fast-track the development of under-construction renewable energy projects. ....
Zee Learn said an insolvency petition has been filed by Axis Bank to initiate the corporate insolvency resolution process (CIRP) of the company before NCLT. ....