Oil and Natural Gas Corporation has entered the fray to acquire a significant majority stake in Ayana Renewable Power Pvt. Ltd, as India’s largest crude and natural gas producer seeks to bulk up its clean energy...
Power producer Calpine explores options including $30 bln sale, sources say
The investment firms that took U.S. power plant operator Calpine Corp private six years ago are exploring options that include a company sale, an initial public offering or a stake divestment at a valuation of about $30...
Reliance acquires step-down subsidiary for Rs 314 cr
Reliance Industries Ltd on Wednesday said it has acquired a step-down subsidiary engaged in the manufacture of petrochemicals and hydrogen, for Rs 314.48 crore. In a stock exchange filing, the firm said Reliance...
Greenko Energies gets CCI nod to acquire additional stake in Sikkim Urja
The Competition Commission of India (CCI) on Tuesday said it has cleared Greenko Energies’ proposed acquisition of an additional stake in Sikkim Urja (formerly Teesta Urja Ltd). Greenko Energies Pvt Ltd (GEPL) is...
RWE reviews options for stake in high-voltage power grid Amprion
RWE, Germany’s biggest electricity producer, is considering options for its minority stake in Amprion, one of Germany’s four high-voltage power transmission networks, the company said on Tuesday, potentially...
KSK Mahanadi to NCLT: Change of circumstances calls for fresh bidding
KSK Mahanadi Power Company through its Resolution Professional’s (RP) counsel informed NCLT, Hyderabad, on Monday, that a change of circumstances warrants a fresh invitation of bids under the corporate insolvency...
Adani Energy Solutions arm to acquire 100 pc stake in Pointleap Projects
Adani Electricity Mumbai Ltd on Thursday signed an agreement to acquire 100 per cent stake in Pointleap Projects Pvt Ltd (PPPL) for a consideration of Rs 13.15 crore. Adani Electricity Mumbai Limited (AEML) is a...
Adani arm completes 49% acquisition in Adani Esyasoft Smart Solutions
Adani Enterprises’ arm Adani Global Limited on Friday announced that it had completed the acquisition of a 49% stake in Adani Esyasoft Smart Solutions. The conglomerate’s intimation comes in connection with...
Stellantis to acquire stake in Argentina solar power firm in green energy push
Automaker Stellantis said on Wednesday it will pay $100 million to acquire 49.5% of 360 Energy Solar, one of Argentina’s leading solar power producers, in a push towards making its plants more energy self...
Stellantis to acquire stake in Argentina solar power firm in green energy push
Automaker Stellantis said on Wednesday it will pay $100 million to acquire 49.5% of 360 Energy Solar, one of Argentina’s leading solar power producers, in a push towards making its plants more energy self...
Hinduja arm asks NCLT to junk BHEL insolvency plea
Hinduja National Power Corporation Ltd (HNPCL) on Tuesday requested the National Company Law Tribunal that the insolvency petition filed by public sector undertaking Bharat Heavy Electricals Ltd against it be dismissed...
KSK Mahanadi likely to undergo fresh bidding
The debt-ridden KSK Mahanadi project may soon undergo a fresh round of bidding as the National Company Law Tribunal (NCLT) has vacated a stay on the resolution plan proceedings and allowed issuance of fresh expression...
