Shell Overseas Investment B.V., a wholly-owned subsidiary of Shell plc (Shell), today signed an agreement with Actis Solenergi Limited (Actis) to acquire 100% of Solenergi Power Private Limited for $1.55 billion and...
Power
Sterlite Power acquires 64.98% stake in MTCIL for fiber network in Maharashtra
Sterlite Power has acquired a 64.98% stake in Maharashtra Transmission Communication Infrastructure Limited (MTCIL)- a joint venture between Sterlite Technologies Limited and Maharashtra State Electricity Transmission...
Blackrock-led Group To Invest ₹4,000 Cr In Tata Power’s Energy Unit
Looking to scale up its renewable energy portfolio, the Tata Power Renewable Energy Limited has raised ₹4,000 crore to create India’s most comprehensive renewable energy platform. Tata Power and BlackRock Real...
Saudi Fund Looks For A Stake In Tata Power’s Green Biz
Saudi Arabia’s Public Investment Fund (PIF) in looking to buy a stake in Tata Power Co. Ltd’s green energy, power transmission and distribution businesses, according to two people aware of the development. The due...
Abu Dhabi’s IHC to invest $2 billion in three Adani Group companies
Abu Dhabi’s International Holding Company PJSC (IHC) will invest $2 billion as primary capital in three Adani portfolio companies – Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd...
Mitsui to buy 49% in ReNew’s RTC project
Japanese investment firm Mitsui & Co will invest in the round-the-clock (RTC) renewable energy project being developed by ReNew Power and pick up a 49% stake in it. In a statement, ReNew said that the RTC project...
Tata Power, Rustomjee Group collaborate for EV Charging infrastructure
Tata Power on Monday said it has collaborated with real estate developer Rustomjee Group to provide electric vehicle charging solutions across its residential and commercial projects in Mumbai Metropolitan Region. Under...
BlackRock, Mubadala eye a slice of Tata’s green venture
The world’s biggest asset manager, BlackRock, and UAE sovereign wealth fund Mubadala Investment Co. are in talks to invest around $500 million and $200 million, respectively, in a proposed new energy entity being...
Adani Power board okays merger of six wholly-owned subsidiaries
Adani Power on Tuesday said its board has approved an amalgamation scheme for the merger of its six wholly-owned subsidiaries with itself. “The Board of Directors of Adani Power Ltd at its Meeting held on March...
Adani Power completes acquisition of Essar’s 1,200 MW Mahan project in MP
Adani Power on Wednesday said it has completed the acquisition of Essar Power’s 1,200 MW thermal power project in Mahan, Madhya Pradesh. The cost of acquisition of Essar Power M P Ltd, which is undergoing...
Torrent Power buys 51% stake in Dadra and Nagar Haveli & Daman and Diu discom
Torrent Power Limited on Wednesday said it will buy 51% stake in Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation. Torrent Power has entered into an agreement with the administrator of the Union...
Torrent Power completes acquisition of 156 Mw wind power plants from CESC Ltd
Torrent Power Ltd on Friday said it has completed the acquisition of Surya Vidyut Ltd, a wholly-owned subsidiary of CESC Limited. Surya Vidyut operates 156 Mw Wind power plants in Gujarat, Rajasthan and Madhya Pradesh...