RattanIndia sells solar power project to GIP

RattanIndia Power Ltd. | Power Generation/Distribution | Power | BSE: 533122 | NSE: RTNPOWER

04 Sep 2020 Evaluate

RattanIndia Group has sold off its entire solar power project fleet totalling 306 Mw to Global Infrastructure Partners (GIP). The deal value is for Rs 1,670 crore. Now, the company has only two power plants - Amaravati thermal power plant (1,350 MW) for which it concluded debt restructuring in December 2019 and Nashik thermal power plant (1,350 MW) which is a stressed asset.

RattanIndia Power develops and intends to operate and maintain power projects in India. The company is involved in a number of Thermal and Hydro Power Projects across India.

Peers

Company Name	CMP
NTPC	326.50
Tata Power	367.00
Adani Power	207.20
Power Grid Corpn.	266.90
Adani Energy Solut.	1405.00
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.