PTC India on Thursday said it has divested its entire stake in PTC Energy to ONGC Green after receiving the remaining Rs 254 crore as part of the deal. Upon receipt of the total consideration of Rs 1,179 crore...
Norway’s Statkraft looks to sell India assets for $2 billion
Norwegian utility Statkraft hired EY to facilitate the sale of its Indian hydropower and solar power assets at an expected valuation of $2 billion, said people in the know. A formal launch of the sale process could...
JSW Energy arm acquires 100% stake in Virya Infrapower for Rs 8 cr
JSW Energy announced that its wholly-owned subsidiary, JSW Neo Energy has entered into a share purchase agreement and acquired 100% shares of Virya Infrapower Virya Infrapower is engaged in the business of development...
Eaton to buy Fibrebond in $1.4 billion deal to boost data center market presence
Power management company Eaton said on Tuesday it will buy Fibrebond Corporation in a $1.4 billion deal as it looks to expand its reach into the data center market. The global appetite for energy-intensive data centers...
Brookfield to sell 1.6 GW India Renewable Assets to Gentari
Brookfield Asset Management, the New York headquartered alternative asset manager has sold its 1.6 GW portfolio of solar and wind assets in India to Gentari Renewables India, structured in two phases, according to a...
CCI okays JSW Energy’s proposal to acquire KSK Mahanadi Power Company
The Competition Commission of India on Tuesday cleared JSW Energy’s proposal to acquire KSK Mahanadi Power Company. “The proposed transaction involves the acquisition of 100% shareholding in KMPCL (which is...
Jindal Power wins bid for Bhadreshwar Vidyut; to pay Rs. 500 crore
Jindal Power has won the bid for Gujarat-based Bhadreshwar Vidyut which is undergoing insolvency proceedings, according to the company’s bankruptcy administrator. The privately owned Naveen Jindal group company is said...
Adani Power rises 3% after securing approval to acquire former Anil Ambani-owned power firm
Shares of Adani Power climbed as much as 2.9% on Thursday to Rs 512.3 on the BSE after the company received a Letter of Intent (LoI) for the acquisition of Vidarbha Industries Power Ltd (VIPL), a thermal power company...
Adani Power gets letter of intent to acquire Vidarbha Industries Power
Adani Power on Monday received approval from the committee of creditors for acquiring Vidarbha Industries Power Ltd (VIPL), which is undergoing insolvency proceedings. VIPL owns and operates a 2×300 MW (600 MW)...
NCLT approves Reliance Big resolution plan
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved entrepreneur Manoj Kumar Upadhyay and his affiliate ACME Cleantech Solutions’ application to acquire formerly Anil Ambani-promoted Reliance...
JSW Energy to await CCI clearances before acquiring KSK Mahanadi Power following SC ruling
JSW Energy will wait for all regulatory clearances before committing acquisition funds for KSK Mahanadi Power and is seeking legal opinion on the subject as it awaits the anti-trust watchdog’s nod for its debt...
Powergrid acquires Bidar Transco for Rs 6.52 cr under tariff-based bidding
Power Grid Corporation of India (Powergrid) on Tuesday said it was acquiring Bidar Transco Ltd (BTL) after being selected as a successful bidder under a tariff-based competitive bidding (TBCB). REC Power Development and...
