Fermi on Tuesday rejected former CEO Toby Neugebauer’s call for an immediate sale of the U.S. power startup, saying such a move was “not in the best interest” of the company. Neugebauer, who co...
Power
Premier Energy to buy Macquarie’s Romanian power distribution network for $824 million
Budapest-listed Premier Energy has agreed to buy Evryo Group’s power distribution network from Australia’s Macquarie for about 700 million euros ($824.39 million), the companies said on Friday. The...
Global funds, Adani, GMR, others in race for NIIF’s smart meter business
The sale process for IntelliSmart Infrastructure, which operates smart electricity metering systems of utilities, has drawn strong interest from global infrastructure investors and domestic smart meter manufacturers...
CCI okays Torrent Power’s proposal to acquire Nabha Power from L&T’s arm
Fair trade regulator Competition Commission of India has cleared Torrent Power’s proposal to acquire 100 per cent stake in Nabha Power Ltd. The move came after Torrent Power, in February 2026, said it agreed with...
TPG to buy NIIF Green Infra NBFC Aseem for Rs 4,000 cr
US buyout group TPG, along with consortium partners ICICI Bank and GIC of Singapore, has agreed to buy non-bank lender Aseem Infrastructure Finance Ltd (AIFL) for Rs 4,000 crore as it looks to accelerate green funding...
PGCIL board nod to new merger plan for 28 subsidiaries
The board of Power Grid Corporation of India Ltd has approved a revised plan to consolidate its subsidiary structure, paving the way for the merger of 28 wholly owned subsidiaries into two other group entities...
Sarda Energy shares rally 8% as SC clears acquisition of SKS Power
Sarda Energy & Minerals share price jumped over 8 per cent on Friday after the Supreme Court cleared the path for the acquisition of SKS Power Generation. The scrip rose to an intraday high of ₹561, the highest...
Philippines’ Aboitiz in talks for majority stake in Fourth Partner
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...