NSL Power Limited (NPL), a part of Hyderabad’s seeds-to-energy NSL group is selling up to a 49% stake in its conventional power business.

The fund raised will be used for the power project and its also wants to use the competencies of the investor.

NPL, a wholly owned subsidiary of Nuziveedu Seeds Limited (NSL), works in both conventional and renewable energy projects.

Solar Energy provider Clover Solar Pvt Ltd (CSPL) is looking to raise Rs.50 Cr through private equity by diluting around 25% stake to fund its solar power projects . The deal will value CSPL at around Rs.200 Cr.

It is making a Rs.300 Cr investment over the next two-years to set up 25 MW of solar power plants pan-India.

Incorporated in 2007, CSPL, a subsidiary of Clover Technologies Pvt Ltd, is a total turnkey solution provider, consultant to solar photovoltaic projects and a system integrator for off-grid and on-grid solar projects. CSPL is also keen in promoting awareness for solar energy to remote areas.

NEAH, fuel cells developing company has signed a letter of intent with Bangalore-based Eko Vehicles, a producer of two-wheeled electric vehicles..

Through this merger, NEAH can enter Indian markets, where it expects to have high demand for its fuel cells for a variety of military and industrial applications in India and Asia.