Adani Power said it has inked an initial pact to sell 100 per cent equity in its two arms Aviceda Infra Park and Innovant Buildwell to AdaniConnex for Rs 540 crore. “Adani Power has entered into a Memorandum of...
Jindal Power quits race to acquire Lanco Amarkantak
In a sudden U-turn, Naveen Jindal-promoted Jindal Power has dropped out of the race to acquire Lanco Amarkantak Power. Just last week, the company had topped an offer by Adani Power for the distressed thermal power...
Jindal Power bids higher than Adani company for Lanco Amarkantak Power
Naveen Jindal-promoted Jindal Power (JPL) gave a ₹4,203-crore, all-cash offer for acquiring Lanco Amarkantak Power, topping Adani Power’s ₹4,100 crore offer, said people with knowledge of the matter. Last week...
Adani Power, Jindal Group companies, Vedanta in race for IL&FS Tamil Nadu Power
Adani Power, Jindal Power and Vedanta Ltd are among a dozen companies that have expressed interest in acquiring IL&FS Tamil Nadu Power Corporation (ITPCL), one of the biggest assets under the IL&FS portfolio...
Jindal Power may join race to buy Lanco Amarkantak
Jindal Power Ltd (JPL) is seeking to compete with Reliance Industries, Adani Power and a Power Finance Corp-led consortium to acquire Lanco Amarkantak Power with the Naveen Jindal-promoted company expressing its...
Tuticorin Coal Terminal: NCLAT dismisses plea by Jindal Power
National Company Law Appellate Tribunal (NCLAT) Monday dismissed an appeal by Jindal Power Limited against Mumbai National Company Law Tribunal (NCLT) ruling that disallowed the company from submitting a resolution plan...
Nigeria to sell power distribution firm over $130 million debt
Nigeria’s electricity regulator has put up for sale the sixth largest power distribution utility over a $130 million debt, less than two years after the lenders who took over the company failed to turn it around...
CCI approves Punjab State Power Corp’s takeover of GVK Energy arm
The Competition Commission of India (CCI) said it has cleared the proposed acquisition of a 100% stake in an arm of GVK Energy by Punjab State Power Corporation Ltd (PSPCL). The anti-trust regulator said PSPCL, a fully...
Sterlite Power acquires Neemrana II Kotputli Transmission
Sterlite Power said it has acquired Neemrana II Kotputli Transmission in Rajasthan from PFC Consulting. The project, a special purpose vehicle, was awarded to Sterlite Power through the Tariff-Based Competitive Bidding...
Tata Power acquires 100% stake in Bikaner SPV
Tata Power Company on Thursday said it has acquired a 100% equity stake in Bikaner III Neemrana II Transmission, a special purpose vehicle (SPV) meant for the project. The acquisition process was completed on December...
Punjab Utility set to buy GVK power plant
Punjab State Power Corp is set to acquire GVK Power (Goindwal Sahib) by offering ₹1,400 crore to lenders, people aware of the development told ET, marking the first such takeover of a private electricity generator by a...
NCLAT stays CCI penalty on NTPC for non-disclosure on acquisition of Ratnagiri Gas & Power shares
The National Company Law Appellate Tribunal (NCLAT) has stayed a CCI order that imposed a penalty on state-owned power producer NTPC for not disclosing the acquisition of 35.47 per cent equity share capital in Ratnagiri...
