Vedanta’s bid to acquire Meenakshi Energy through the insolvency resolution process was approved by the Hyderabad National Company Law Tribunal last week. The Anil Agarwal company offered ₹1,440 crore against...
Adani family sells $1.1 bn power arm stake to GQG
The promoters of Adani Group on Wednesday raised around ₹9,000 crore by selling 8.1% of their holding in the energy-generation arm Adani Power Ltd, marking billionaire Gautam Adani’s largest equity capital-raising...
GPS Renewables acquires Germany-based Proweps Envirotech
GPS Renewables, a Bengaluru headquartered biofuels technology company, has acquired Germany-based Proweps Envirotech GmbH, for an undisclosed amount. Proweps Envirotech GmbH is a design and engineering company that...
Sterlite Power acquires Fatehgarh III Beawar Transmission from PFC
Sterlite Power said it has acquired Fatehgarh III Beawar Transmission, a special-purpose vehicle, from PFC Consulting Limited. PFC Consulting Limited (PFCCL) is a wholly-owned subsidiary of Power Finance Corporation...
Aditya Birla ARC, Reliance ARC & Arcil in shortlist for Vidarbha Inds
Lenders of Vidarbha Industries Power will hold a Swiss challenge auction on August 8 among the three shortlisted asset reconstruction companies (ARCs), said people aware of the development. Lenders have shortlisted...
Aditya Birla ARC leads race for RPower unit
The race for Vidarbha Industries Power (VIPL), a subsidiary of Reliance Power, is heating up with three more companies, including Aditya Birla Asset Reconstruction Company and Reliance Asset Reconstruction Company...
Kalpataru Projects International arm completes 100% acquisition of Fasttel
Kalpataru Projects International arm Kalpataru Power Do Brasil Participaes Ltda. (KPBPL) has completed the acquisition of 100 per cent equity stake in Fasttel Engenharia S.A., Brazil. Earlier in 2021, the KPBPL had...
GQG acquires 3% in Adani Transmission for Rs 2,666 crore
The Adani Group on Friday sold around 3% stake in Adani Transmission through open market transactions to raise about ₹2,666 crore. US-headquartered investment firm GQG Partners – which had bought about $1-billion...
Reliance Power makes a higher offer to lenders for Vidarbha Industries
Anil Ambani-promoted Reliance Power has made a revised and improved debt-settlement offer of `1,260 crore to the lenders of its Vidarbha Industries Power subsidiary, said people aware of the development. Reliance Power...
O2 may buy Jakson’s green power assets
EQT- and Temasek-backed O2 Power is in talks with Jakson Group to purchase 120 MW of solar power assets of Jakson Group at an equity value of ₹130 crore, said two people aware of the development. The enterprise value of...
Sarda Energy emerges as top bidder for SKS Power
Sarda Energy & Minerals has emerged as the highest bidder for SKS Power Generation (Chhattisgarh) Limited with a ₹1,800 crore offer that covers 100% of the outstanding dues of the lenders of the company that is...
Odisha likely to shelve plan to divest 49% stake in Genco
Odisha government is likely to shelve plans to divest 49% of its stake in thermal power producer Odisha Power Generation Corporation, said people aware of the development. The state government owns 100% equity but it...
