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PitchBoard | 8 July 2013

Fast-growing Energy Services Company Seeking Funds

by Charmi Gutka
 
@charmi
A leading certified energy saving equipments maker for reactive compensation and service provider to the electricity utilities and industrial units, backed by engineer-promoters with over two decades of experience in the industry is seeking funds for growth.

The company has partnered with a MNC for cost benefits and has orders over R100 Cr.

GAIL To Acquire Stake In RCF's Fertiliser Plant

GAIL India Ltd is in talks to acquire 5%-10% stake in Rashtriya Chemicals and Fertilizer Ltd’s (RCF) urea and ammonium nitrate plant at Talcher in Odisha.

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FreeCharge Secures Series B Funding

Freecharge, an online platform for recharge, utility payments, promotions and couponing, has raised $33 Mn (c.INR 2,000 Mn) from existing investor Sequoia Capital India along with new investors Belgium-based investment firm Sofina and Russian Internet and technology investor ru-Net. The Series B infusion will be taken to build up its transactional advertising offerings.

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