SINGAPORE: Tata PowerBSE -0.61 % Company Ltd plans to expand capacity by acquiring some of the country’s numerous underutilized plants instead of investing in expensive new facilities, the utility’s chief...
American Midstream to Buy JP Energy in All-Stock Deal
American Midstream Partners LP will acquire JP Energy Partners LP to expand operations in North American basins including the Permian, Gulf of Mexico and Eagle Ford. The unit-for-unit transaction is valued at $8.63 per...
IDFC Alternatives buys 3 Punj Lloyd solar projects
MUMBAI: The India infrastructure fund of IDFC Alternatives is buying three solar projects in Punjab and Rajasthan from Punj LloydBSE 1.94 % Infrastructure as part of the parent’s plans to establish a presence in...
Solairedirect India in talks to raise $60 million from infra investors
Mumbai: Solairedirect Energy India Pvt. Ltd, the local unit of French renewable energy company Solairedirect SA, is in talks with investors to raise around $60 million (Rs400 crore), said two people aware of the...
Canadian Solar buys 49% each in 2 Suzlon units
MUMBAI: Canadian Solar, one of the biggest solar power companies in the world, made its first investment in India’s alternative energy sector by acquiring 49% stake each in two projects of Suzlon EnergyBSE -0.53 %...
GMR Group in talks for stake sale in Chhattisgarh power plant
Mumbai/New Delhi: Infrastructure conglomerate GMR Group has initiated discussions with SembCorp Industries Ltd of Singapore and US-based Lone Star Funds for selling a significant stake in GMR Chhattisgarh Energy Ltd...
Czech energy firm EPH agrees sale of EP Infrastructure stake to Macquarie
Czech energy group EPH agreed to sell a 30 percent stake in its EP Infrastructure (EPIF) unit to an investor group led by Macquarie Infrastructure and Real Assets, EPH said on Monday. EPH scrapped plans for an initial...
Tesla, SolarCity shareholders vote on November 17 for merger
Tesla Motors Inc and SolarCity Corp said Wednesday in a U.S. securities filing that a vote to merge the two California-based companies will take place on Nov. 17. Also on Wednesday, Tesla said in a company blog:...
Mytrah close to raising Rs800 crore from Piramal SFG
Mumbai: Renewable energy producer Mytrah Energy India Pvt. Ltd is close to raising around Rs800 crore (about $120 million) from Piramal Enterprises Ltd’s Structured Finance Group (SFG), three people aware of the...
Reliance Infrastructure to sell power transmission business to Adani for Rs 2,000 crore
MUMBAI: Anil Ambani led-Reliance Infrastructure is in a pact to sell its power transmission assets to billionaire Gautam Adani’s Adani Transmission, to raise funds to pare debt. While the two companies did not disclose...
JSPL to sell 24 MW wind power project to IDFC Alternatives
Mumbai: Jindal Steel & Power Ltd (JSPL) Tuesday said it has agreed to sell its wind power project at Satara in Maharashtra to an infrastructure fund managed by IDFC Alternatives. The company did not disclose the...
Vedanta to invest $250-300 million to expand Hindustan Zinc production
Natural resources major Vedanta has said that it would invest around $250-300 million in expanding Hindustan Zinc’s capacity. The company also said for other businesses the focus would be utilising the existing...
