{"id":510031,"date":"2022-07-29T12:05:26","date_gmt":"2022-07-29T06:35:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=510031"},"modified":"2022-07-29T12:05:26","modified_gmt":"2022-07-29T06:35:26","slug":"ilfs-exits-power-plant-advisory-co-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-exits-power-plant-advisory-co-2\/","title":{"rendered":"IL&amp;FS exits power plant, advisory co"},"content":{"rendered":"<p>Mumbai: IL&amp;FS has sold the 33.3% stake it held in a 44MW bagasse-based power generation plant to a Warana sugar cooperative, which holds a majority stake in the company. The infra group has also sold its energy advisory business, which was carved out of IL&amp;FS Energy Development (IEDCL), to PTC India.<br \/>\nIL&amp;FS has said that the total sale consideration for the power business is Rs 77.5 crore and both the businesses do not hold debt. In the sale of its energy advisory business, a division of IEDCL, PTC emerged as the highest bidder and the sale was completed on July 26 at a consideration of Rs 15 crore. This sale has been approved by NCLT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: IL&amp;FS has sold the 33.3% stake it held in a 44MW bagasse-based power generation plant to a Warana sugar cooperative, which holds a majority stake in the company. The infra group has also sold its energy advisory business, which was carved out of IL&amp;FS Energy Development (IEDCL), to PTC India. IL&amp;FS has said that the total sale consideration for the power business is Rs 77.5 crore and both the businesses do not hold debt. In the sale of its energy advisory business, a division of IEDCL, PTC emerged as the highest bidder and the sale was completed on July [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-510031","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/510031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=510031"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/510031\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=510031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=510031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=510031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}