The agency continues to take a consolidated view of LOIL and its wholly-owned subsidiaries to arrive at the ratings.
The company has successfully commissioned 12.50 MWdc solar power project for Anuapm Rasavan India Limited.
The performance was driven by an upbeat in banking and oil & gas stocks. In the early deals, Sensex neared 59,500 and Nifty 50 topped over 17,715.
The Cost of setting up the said Plant with an annual capacity of 12144 MT is appx Rs93cr.
The Company has accepted the LOI on January 01, 2022.
The long-term and short-term rating of the company has been reaffirmed at CRISIL A- and CRISIL A2+ respectively.
The scheme is subject to the requisite statutory approvals including the approval of the NCLT, CCI, etc.
The company through Femto Green Hydrogen aims to aid the eradication and reduction of Global warming caused due to various means of surface transport.
The board meeting will be held on Thursday, January 6, 2022, inter-alia.
The company rolled over ~CHF 115 million to retain a 20% stake in the new holding company, alongside Heubach and SK Capital.
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