GOCL Corporation shares jumped 9 per cent on the BSE, logging an intra-day high at ₹330 per share. The buying on the counter came after the company’s board approved a scheme of merger by absorption of Hinduja National...
WSP Global to acquire TRC Companies in $3.3 billion deal
Services firm WSP Global said on Monday it will acquire U.S. power and energy firm TRC Companies in a $3.3 billion all-cash deal. A surge in power consumption from data centers dedicated to artificial intelligence...
Adani Energy Solutions acquires KPS III HVDC Transmission Ltd
Adani Energy Solutions Ltd (AESL) on Friday said it has acquired 100 per cent stake in KPS III HVDC Transmission Ltd from PFC Consulting. This acquisition will further AESL’s strategy for enhancing value for its...
Berlin eyes TenneT Germany majority stake, Boersen-Zeitung says
The German government is in early deliberations to acquire a majority stake in TenneT’s German power grid operations after agreeing in principle to take a 25.1% stake, newspaper Boersen-Zeitung reported on Friday...
NIIF to consider selling stake in smart power meter firm IntelliSmart
The National Investment and Infrastructure Fund is considering selling its 51% stake in IntelliSmart Infrastructure, according to people familiar with the matter. NIIF is working with an adviser and sounding out...
TVS Srichakra acquires minor stake in Navia Two Power
TVS Srichakra has acquired 5,915 equity shares of Rs 10 each, representing 5.92% of the equity share capital of Navia Two Power (Navia), for a total consideration of Rs. 59,150/- for purchase of renewable energy under...
TotalEnergies to offload 5% stake in Adani Green Energy
TotalEnergies is preparing to sell up to 5% stake in Adani Green Energy (AGEL), according to people familiar with the development. The French energy major currently holds almost 19% in Adani Group’s renewable energy arm...
TotalEnergies to offload 6% stake in Adani Green Energy
TotalEnergies is preparing to sell up to 6% stake in Adani Green Energy (AGEL), according to people familiar with the development. The French energy major currently holds almost 19% in Adani Group’s renewable energy arm...
Tata Power to acquire 40% stake for Rs 1,572 cr in SPV for Dorjilung hydro project in Bhutan
Tata Power Limited on Tuesday announced that the company has proposed an investment of Rs 1,572 crore for acquiring a 40% stake in a special purpose vehicle (SPV) that will set up 1,125 MW Dorjilung hydro power project...
Mitsubishi Corporation acquires stake in KIS Group to enter biogas business
KIS Group, a Bengaluru-based Biogas and Biofuels technology firm, on Wednesday announced that Mitsubishi Corporation, one of Japan’s largest global integrated business enterprises, has acquired a minority equity...
Megha Engineering unit to acquire Neyveli Power from Abu Dhabi’s TAQA
A Megha Engineering and Infrastructures (MEIL) unit has acquired a 100% stake in TAQA Neyveli Power from Abu Dhabi National Energy Company PJSC for Rs. 926 crore, investment banking sources told ET. The acquisition by...
MEIL Energy acquires 250 MW Lignite-based power plant in Tamil Nadu
MEIL Energy Private Limited, a wholly owned subsidiary of Megha Engineering and Infrastructures Ltd on Thursday announced the acquisition of 100 per cent stake in TAQA Neyveli Power Company Private Ltd from Abu Dhabi...
