Manila-headquartered Aboitiz Power is in talks to buy a majority stake in Hyderabad-based Fourth Partner Energy which specialises in selling power generated from green energy sources to commercial and industrial...
CTUIL-Grid India merger back on Centre’s agenda to revamp transmission sector
The government is planning a renewed push to demerge the Central Transmission Utility of India Ltd (CTUIL) from Power Grid Corporation of India and subsequently merge it with Grid Controller of India (Grid India)...
Torrent Power agrees to acquire Nabha Power from L&T
Torrent Power Ltd has agreed to acquire 100% equity and convertible instruments in Nabha Power Ltd from L&T Power Development Ltd, a wholly owned subsidiary of Larsen & Toubro. Nabha Power is a wholly owned...
Jindal Power, Vedanta and Havells among 22 bidders for Gupta Power
Jindal Power, Vedanta and Havells India are among 22 prospective bidders that have submitted expressions of interest (EoIs) to acquire debt-laden Gupta Power Infrastructure, which has admitted debtor claims of ₹4,240...
India’s Torrent Power to buy L&T’s coal-plant operator for about $760 million
India’s Torrent Power said on Monday it will buy a coal-fired power plant operator in northern India from Larsen & Toubro for 68.89 billion rupees ($759.48 million), including debt as it seeks to build...
PFC-REC merger may take a ‘preferential’ route to keep government company tag
The proposed union of Power Finance Corp (PFC) and REC could include a preferential allotment of shares to the Centre as part of the merger scheme, to ensure the combined entity can retain its government company tag...
Power Finance acquires 52.63% government stake in REC Limited
In a major move aimed at consolidating public sector non-banking financial companies (NBFCs), Power Finance Corporation Ltd. (PFC) has acquired 52.63% of the government’s holding in REC Limited (REC), effectively making...
PFC-REC merger gets in-principle approval
The board of Power Finance Corporation (PFC) on Friday approved an in-principle merger with REC, taking the Union Budget proposal for restructuring of two of the major public sector non-bank lenders forward. PFC already...
GIP shortlists 4 companies for Vena Energy India sale
Global Infrastructure Partners (GIP), a BlackRock subsidiary, has shortlisted four potential buyers for Vena Energy India, its 1.1 GW renewable energy platform, said people familiar with the matter. Actis, Sembcorp...
Waaree Renewable Technologies shares in focus after approval to acquire 55% stake in ASPL for Rs 1,225 cro
Shares of Waaree Renewable Technologies are expected to remain in focus on Tuesday, January 27, after the company announced plans to acquire a 55% stake in Associated Power Structures Limited (ASPL), marking a key move...
Adani Power in focus as NCLAT clears Rs 4,000-crore Vidarbha Power acquisition
Shares of Adani Power are expected to remain in focus today during the trading session on January 20 after the National Company Law Appellate Tribunal (NCLAT) upheld the company’s Rs 4,000-crore acquisition of Vidarbha...
NCLAT upholds Adani Power’s Rs 4k-cr acquisition of Vidarbha Industries Power
Insolvency appellate tribunal NCLAT has upheld the acquisition of Vidarbha Industries Power by Adani Power Ltd (APL), India’s largest private thermal power producer. The National Company Law Appellate Tribunal...
