October 26, 2014 3:00 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Hindustan Cleanenergy Limited

Company Overview

Hindustan Cleanenergy Limited develops renewable energy projects in India and internationally. It operates solar farms to deliver clean energy. Hindustan Cleanenergy Limited was formerly known as Moser Baer Clean Energy Limited and changed its name to Hindustan Cleanenergy Limited in January 2014. The company was founded in 2008 and is based in New Delhi, India. It has additional locations in Germany, Italy, the United States, the United Kingdom, and Japan. Hindustan Cleanenergy Limited operates as a subsidiary of Hindustan Power Projects Limited.

616 A (16A, Sixth Floor)

Devika Tower

Nehru Place

New Delhi,  110019

India

Founded in 2008

Phone:

91 11 4762 4100

Fax:

91 11 4762 4229

Key Executives for Hindustan Cleanenergy Limited

Chief Executive Officer
Chief Executive Officer of India Solar Business
Compensation as of Fiscal Year 2014.

Hindustan Cleanenergy Limited Key Developments

Hindustan Power Projects To List Hindustan Cleanenergy

Hindustan Power Projects Limited intends to list Hindustan Cleanenergy Limited through an initial public offer (IPO) by the end of 2014-15. Sources report that Hindustan Power to raise around $1 billion. The proceeds from the IPO will be utilized for Hindustan Power's plans to achieve combined 1,000 MW of solar photovoltaic (PV) power generation capacities in India and abroad. Ratul Puri, Chairman, said, "We will raise incremental equity to fund our solar projects. We will come up with the IPO for Hindustan Clean Energy by the end of this year or the second month of next year."

HCL Mulls Listing

Hindustan Cleanenergy Limited (HCL) is planning to get listed. The company is considering an initial public offering (IPO) in India in 2014. The Hindu Business Line quoted Chief Executive Officer, Rajya Wardhan Ghei as saying that the terms of the offering have not been specified yet.

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