What will happen to Sael limited?

SAEL's commodities business, module assembly plant and other solar and biomass projects will be removed from SAEL Limited and injected into other unrestricted subsidiaries. All the unrestricted businesses and subsidiaries will not have any recourse to SAEL, but will have direct recourse to the new ultimate parent.

How much money will Sael Ltd get from US & European investors?

SAEL Ltd, which converts agricultural waste into energy, is close to finalising a fundraise of $1 billion (about ₹8,300 crore) from US and European investors, said people aware of the matter. Ministry of New and Renewable Energy is working towards achieving 500 GW Non-fossil based electricity generation capacity by the end of this decade.

Is Sael a debt free company?

Warehousing business of SAEL is debt free. RICE HUSK / HULL: It constitutes the largest by-product of rice milling, as one-fifth of the paddy by weight is rice husk. Rice husk has a high calorific value of 3200-3300 k.cal/kg and is considered a good fuel for a variety of industrial uses.

Is Sael RG1 a good investment?

Combined, we rate SAEL RG1 at the same level as Acme RG1's underlying credit profile, despite its stronger rating case DSCR of 1.61x versus Acme RG1's 1.32x. Acme is rated a notch lower than its underlying credit profile to reflect risk of orphan SPV issuance.

Is Sael RG1 a'midrange' fuel supplier?

SAEL RG1's fuel supplier is one of many small traders. There are no delivery liquidated damages in the contracts or reserves to cover PPA deductions or operating costs. Hence, our overall assessment is constrained to 'Midrange'.

Is Sael RG1 better than CRP?

Nevertheless, SAEL RG1's strong rating case DSCR of 1.61x, versus CRP's 1.26x, counteracts these weaknesses and justifies a notch higher rating. India Cleantech Energy's restricted group, Acme RG1, comprises pure solar assets with total capacity of 450MW.