Photo: MintNew Delhi: The consolidation exercise continues in India’s green energy space with diversified conglomerate Shapoorji Pallonji Group in stake sale talks for its solar power project portfolio. The privately-held SP Group, which had $5 billion in revenue in 2016, is seeking a financial investor given that financing at the lowest cost holds the key to success. “SP Group has been looking for a financial investor,” said another person aware of the development, who also didn’t want to be named. Founded in 1865, SP Group is engaged in construction, infrastructure and real estate businesses across the country. Its firm Shapoorji Pallonji Solar PV Pvt.

Source: Mint October 26, 2017 03:45 UTC