SUBSIDIARY NAME
Solar Power Project 1000 MW ( 250 MW x 4)
COUNTRY
INDIA
SECTOR/ INDUSTRY
ENERGY
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
May 14, 2022
ACQUISITION VALUATION
701.42 MILLION
TOTAL ASSET VALUATION
7014.2 BILLION
ENERGY-OIL-REFINERY-GAS
SOLAR POWER PROJECT 1000 MW (250 MW x 4): IIB-DG acquired Solar Power Project 1000 MW (250 MW x 4) – in May 14, 2022 for implementation of 1000 MW Solar Power Project in their state by investing @685.00 M USD. As per our commercial calculations based on the latest tax and customs duty applied by Govt. of India, the investment for entire project would be approx. 701.42 M USD which is to be disbursed in phased manner. This may change upward / downward in due course. This project will be implemented in phased manner of 250 MW x 4 Nos over a period of 48 months.
SUBSIDIARY NAME
YSR STEEL CORPORATION LIMITED
The Kute Group of Industries
Oil & Gas Projects
Need to be registered with SPV LH2INDIA PVT Ltd.
The Kute Group of Industries
Titan Aviation & Aerospace India Ltd
DEV MINING
Titan Defence Systems Ltd