Azure Power(s) Delhi Metro Rail Corporation Rooftops with Solar Energy New Delhi, Delhi, India - Business Wire India Azure Power (NYSE: AZRE), a leading independent solar power producer in India, announced the successful installation and operation of its rooftop solar power plant for Delhi Metro Rail Corporation (DMRC) at the Sultanpur facility. This is the first phase of a 14 MW allocation by DMRC to Azure Power, one of the largest by DMRC to a solar power developer. The tariff on the project is INR 5.55 per kWh (US$ 0.083), with a total subsidy of INR 167.4 million (US$ 2.514 million). The company will supply power for 25 years which will be utilized for DMRC’s operations. The 14 MW project will be completed in phases and will cover several metro stations, workshops and parking lots. Commenting on the occasion, Anup Kumar Gupta, Director
Azure Power Commences Construction of 100 MW NTPC Project in Andhra Pradesh New Delhi, Delhi, India - Business Wire India Azure Power (NYSE: AZRE), a leading independent solar power producer in India, has announced that it has started the construction of its 100-megawatt (MW) solar power plant in Andhra Pradesh. The Company has secured land and financing for this project. The project was auctioned by NTPC, Government of India’s largest power utility, designated under National Solar Mission for a total capacity of 1000 MW of solar power projects at Kurnool Ultra Mega Solar Park. The solar park is being developed by Solar Park Implementation Agency (SPIA), Andhra Pradesh Solar Power Corporation Limited (APSPCL). The tariff on the project will be INR 5.12/ kWh (US $0.077) and the company will supply power to NTPC for a duration of 25 years.
Azure Power Global Limited Announces Pricing of its Initial Public Offering New Delhi, Delhi, India - Business Wire India Azure Power Global Limited (“Azure Power”) today announced the pricing of its initial public offering of 3,409,091 equity shares, including 2,242,424 equity shares to be sold by Azure Power and 1,166,667 shares to be sold by certain selling shareholders, at a price to the public of $18.00 per equity share. Azure Power has granted the underwriters a 30-day option to purchase up to an additional 511,364 equity shares at the initial public offering price, less underwriting discounts and commissions. The equity shares are expected to begin trading on the New York Stock Exchange on October 12, 2016 under the symbol “AZRE.” Azure Power will also receive gross proceeds of $75 million from the sale of equity shares in connection with a concurrent private placement transaction
CG Announces the Sale of Canadian Power Transformer (CPT) Business to PTI Holdings Corporation
Mumbai, Maharashtra, India - Business Wire India
Avantha Group Company CG announces the sale of its Canadian Power Transformer (CPT) business to PTI Holdings Corporation for an enterprise value of Canadian $20 million subject to post-closing adjustments. The structure of the deal and its commercial terms remain subject to applicable regulatory approvals. The transfer of the business will be effective on October 27th.
PTI Holdings Corporation is an innovative leader in the electrical industry, producing some of the most groundbreaking, cost-effective and high quality solutions for transformers globally. The Company currently manufactures and services liquid filled distribution, small and medium size power transformers up to a base rating of 40MVA at 145kV. PTI was recognised as one of Canada’s Best Managed Companies
Delta to Demonstrate its Leadership in Display Solutions with the Industry's Slimmest DLP® Video Wall at InfoComm MEA 2015
Dubai, United Arab Emirates - Business Wire India
Delta Electronics, Inc., a global leader in power and thermal management solutions and pioneer in display solutions, announced today it will unveil, at InfoComm Middle East & Africa (MEA) show, its slimmest Digital Light Processing (DLP®) video wall featuring a depth of 450mm. Visitors will experience a live demonstration of its IP-based control system, DVCS®, which turns our innovative video walls into comprehensive display and monitoring solutions for applications demanding 24/7 operations.
With the showcase of the industry’s slimmest DLP® video wall, Delta will demonstrate its technology dominance in displays during the 4-day event. Delta’s DLP® Video wall will be