KIS Group, a Bengaluru-based Biogas and Biofuels technology firm, on Wednesday announced that Mitsubishi Corporation, one of Japan’s largest global integrated business enterprises, has acquired a minority equity...
Megha Engineering unit to acquire Neyveli Power from Abu Dhabi’s TAQA
A Megha Engineering and Infrastructures (MEIL) unit has acquired a 100% stake in TAQA Neyveli Power from Abu Dhabi National Energy Company PJSC for Rs. 926 crore, investment banking sources told ET. The acquisition by...
MEIL Energy acquires 250 MW Lignite-based power plant in Tamil Nadu
MEIL Energy Private Limited, a wholly owned subsidiary of Megha Engineering and Infrastructures Ltd on Thursday announced the acquisition of 100 per cent stake in TAQA Neyveli Power Company Private Ltd from Abu Dhabi...
AGL signs renewable energy offtake deal for Western Australian unit
Australian energy firm AGL said on Thursday it has signed a power purchase agreement with wind farm operator Tilt Renewables, marking the first long-term wind-energy offtake deal for its Western Australian division...
Honda Motor acquires stake in OMC Power to develop clean energy batteries
Indian renewables firm OMC Power, backed by Japan’s Mitsui & Co and Chubu Electric Power, said on Monday that automaker Honda Motor has acquired a stake in the company to jointly develop clean energy storage...
Premier Energies forays into transformer manufacturing by acquiring 51% stake in Transcon
Premier Energies on Thursday announced its foray into transformer manufacturing by acquiring a majority 51 percent stake in Transcon Industries for a total consideration of Rs 500.3 crore. The acquisition is a key...
ReNew gets final non-binding acquisition proposal from Masdar, CPP Investments, others
ReNew Global Energy Plc (ReNew) has received a final non-binding proposal to acquire its entire share, which is not owned by members of a consortium, including CPP Investments and founder Sumant Sinha, for USD 8.15 per...
Jindal Power buys Apraava Energy’s Jhajjar power plant
Naveen Jindal-owned Jindal Power Ltd (JPL) has signed an agreement to acquire the 1,350 MW Jhajjar Power Project in Haryana from Apraava Energy (formerly CLP India), marking one of the largest thermal power deals in...
Shell to restart Sprng Energy sale process, ropes in Barclays
Shell PLC is set to revive the sale of Indian renewable power producer Sprng Energy and has appointed Barclays to advise on the potential sale, said people aware of the matter. A formal process will be launched within a...
Jindal Power gets CCI nod to acquire debt-ridden Jaiprakash Associates
Fair trade regulator CCI on Tuesday said it has given in-principle approval to Naveen Jindal-led Jindal Power’s proposal to acquire debt-ridden Jaiprakash Associates, should it win a bid in the ongoing insolvency...
Reliance Power to divest Indonesian coal subsidiaries for $12 million
Reliance Power said it has signed an agreement to sell its entire stake in five Indonesian coal entities for a total consideration of $12 million. In a regulatory filing, the company said that its subsidiaries: Reliance...
Torrent Power picks up stakes in Newzone India, its holding firm for Rs 211 crore
Torrent Power on Tuesday said it has acquired stakes in Newzone India Pvt Ltd and its holding company Newzone Power Projects Pvt Ltd for around Rs 211 crore. Newzone Power Projects Pvt Ltd (NZPPPL) is the holding...
