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...
Power
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...
iLabs taken to NCLT for reneging on Lanco deal
Lenders to the defunct Lanco Group have taken Hyderabad-based iLabs Group to court, claiming that the company has refused to part with the 29% stake it holds in Lanco Anpara Thermal Power to the power plant’s...
CPFL, Equatorial eye acquisition of Enel-owned power distributor in Brazil
Equatorial Energia SA and CPFL Energia SA are both considering buying a power distribution firm owned by Italy’s Enel SpA in Brazil, they said on Tuesday, although noting that any potential deal remains distant...
Hydropower mega-merger proposal likely next month
State-owned hydropower company NHPC Ltd is likely to submit a proposal next month to merge two other public sector hydro companies, THDC India Ltd and North Eastern Electric Power Corp. Ltd (Neepco) with itself, said...
Reliance, Adani, Vedanta among companies in race for Bhadreshwar Vidyut
Reliance Industries, Adani Power, Torrent Power, Vedanta and Jindal Power are among 14 companies that have shown interest in acquiring Gujarat-based Bhadreshwar Vidyut, which is undergoing insolvency, said people aware...
NTPC likely to divest 25% of green energy arm via public offer – source
India’s largest power producer NTPC Ltd is likely to divest 25% of its green energy arm through a public offering this year after shelving a plan to sell the stake to Malaysia’s Petronas, a person familiar...
Enel agrees to sell two Peruvian assets to China’s CSGI for $2.9 bln
Italy’s biggest utility Enel said it agreed to sell its equity stakes in two Peruvian assets for $2.9 billion to China Southern Power Grid International (CSGI). Enel launched an asset sale plan in November that...
Statkraft, first MNC to buy bankrupt Indian power firm
Europe’s largest renewable energy company Statkraft is set to become the first MNC player to buy an Indian power company under the insolvency and bankruptcy code (IBC) process after national company law tribunal (NCLT)...
