{"id":609999,"date":"2023-10-12T11:17:51","date_gmt":"2023-10-12T05:47:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=609999"},"modified":"2023-10-12T11:17:51","modified_gmt":"2023-10-12T05:47:51","slug":"renewables-co-sterling-defaults-on-loan-dues","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/renewables-co-sterling-defaults-on-loan-dues\/","title":{"rendered":"Renewables co 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\u2019s earlier promoters \u2014 the Shapoorji Pallonji group \u2014 sold their stake in the company to Mukesh Ambani\u2019s Reliance, which is now the largest shareholder with a 40% stake through Reliance New Energy.<\/p>\n<p>Sterling &amp; Wilson had a repayment of Rs 426 crore in September, out of which Rs 217 crore was not paid on the due date. \u201cThe internal cash flow would be inadequate to meet the repayment of Rs 332 crore in October,\u201d India Ratings said.<\/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\u2019s earlier promoters \u2014 the Shapoorji Pallonji group \u2014 sold their stake in the company to Mukesh Ambani\u2019s Reliance, which is now the largest shareholder with a 40% stake through Reliance New Energy. Sterling &amp; Wilson had a repayment of Rs 426 crore in September, out of which Rs 217 crore was not paid on the due date. \u201cThe internal cash flow would be inadequate to meet [&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-609999","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\/609999","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=609999"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/609999\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=609999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=609999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=609999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}