{"id":609949,"date":"2023-10-12T11:03:55","date_gmt":"2023-10-12T05:33:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=609949"},"modified":"2023-10-12T11:03:55","modified_gmt":"2023-10-12T05:33:55","slug":"renewables-company-sterling-defaults-on-loan-dues","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/renewables-company-sterling-defaults-on-loan-dues\/","title":{"rendered":"Renewables company Sterling defaults on loan dues"},"content":{"rendered":"<p>Mumbai: Sterling &amp; Wilson Renewable Energy has missed out on a loan repayment due in September, triggering a downgrade to default by India Ratings. Shares of the company fell 5% on Wednesday. The company&#8217;s earlier promoters &#8211; the Shapoorji Pallonji group &#8211; sold their stake in the company to Mukesh Ambani&#8217;s Reliance, which is now the largest shareholder with a 40% stake through Reliance New Energy.<\/p>\n<p>Sterling &amp; Wilson had a scheduled repayment of Rs 426 crore in September, of which Rs 217 crore was not paid on the due date because of insufficient liquidity. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Sterling &amp; Wilson Renewable Energy has missed out on a loan repayment due in September, triggering a downgrade to default by India Ratings. Shares of the company fell 5% on Wednesday. The company&#8217;s earlier promoters &#8211; the Shapoorji Pallonji group &#8211; sold their stake in the company to Mukesh Ambani&#8217;s Reliance, which is now the largest shareholder with a 40% stake through Reliance New Energy. Sterling &amp; Wilson had a scheduled repayment of Rs 426 crore in September, of which Rs 217 crore was not paid on the due date because of insufficient liquidity.<\/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":[130,260,137],"tags":[],"class_list":["post-609949","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-railways-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/609949","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=609949"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/609949\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=609949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=609949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=609949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}