Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.
Kolkata (IANS) Multi-product engineering company Stone India has informed the Bombay Stock Exchange that the company's board has cleared a proposal to get into solar power projects through its recently created special purpose vehicle, Stone Solar Private Limited.
Stone Solar will set up a number of solar farms at rooftop locations and vacant lands. It has submitted its initial proposal of one megawatt plant in West Bengal for pre-registration under the Jawaharlal Nehru National Solar Mission scheme.
In addition to setting up of such solar projects, Stone Solar will venture into manufacturing of photo-voltaic modules, grid connected converters as well as consulting and execution of turnkey projects, it said.