Jindal Power has won the bid for Gujarat-based Bhadreshwar Vidyut which is undergoing insolvency proceedings, according to the company’s bankruptcy administrator. The privately owned Naveen Jindal group company is said...
Adani Power rises 3% after securing approval to acquire former Anil Ambani-owned power firm
Shares of Adani Power climbed as much as 2.9% on Thursday to Rs 512.3 on the BSE after the company received a Letter of Intent (LoI) for the acquisition of Vidarbha Industries Power Ltd (VIPL), a thermal power company...
Adani Power gets letter of intent to acquire Vidarbha Industries Power
Adani Power on Monday received approval from the committee of creditors for acquiring Vidarbha Industries Power Ltd (VIPL), which is undergoing insolvency proceedings. VIPL owns and operates a 2×300 MW (600 MW)...
NCLT approves Reliance Big resolution plan
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved entrepreneur Manoj Kumar Upadhyay and his affiliate ACME Cleantech Solutions’ application to acquire formerly Anil Ambani-promoted Reliance...
JSW Energy to await CCI clearances before acquiring KSK Mahanadi Power following SC ruling
JSW Energy will wait for all regulatory clearances before committing acquisition funds for KSK Mahanadi Power and is seeking legal opinion on the subject as it awaits the anti-trust watchdog’s nod for its debt...
Powergrid acquires Bidar Transco for Rs 6.52 cr under tariff-based bidding
Power Grid Corporation of India (Powergrid) on Tuesday said it was acquiring Bidar Transco Ltd (BTL) after being selected as a successful bidder under a tariff-based competitive bidding (TBCB). REC Power Development and...
Reliance Industries acquires Lakadia B Power Transmission for Rs. 6.73 crore
Reliance Industries Limited announced on Friday the acquisition of Lakadia B Power Transmission Limited (LPTL) for a consideration of Rs. 6.73 crore. Following the acquisition, Lakadia B Power Transmission has become a...
NCLT okays JSW Energy’s buyout of KSK Mahanadi
The Hyderabad bench of the National Company Law Tribunal (NCLT) on Thursday approved Sajjan Jindal-promoted JSW Energy’s revival plan for KSK Mahanadi Power Company Ltd (KPMCL). Bankrupt KPMCL has admitted...
Board of Aurobindo Pharma approves acquisition of 26% stake in a solar energy company
At meeting held on 06 February 2025 The Board of Aurobindo Pharma at its meeting held on 06 February 2025 has approved to enter into a power purchase agreement with Swarnaaskshu Solar Power (Swarnaaskshu), a company...
TPG to buy solar firm Altus Power for $2.2 billion
Buyout firm TPG’s climate investment arm will acquire Altus Power in an all-cash deal worth $2.2 billion, including the assumption of debt, the companies said in a statement on Thursday. The announcement...
Tata Power eyeing modular nuclear reactors, to divest $1 billion non-core assets: CEO
Tata Power is looking to diversify into the small modular nuclear reactor business besides divesting $1 billion of non-core international assets, said Praveer Sinha, CEO and managing director, on Tuesday. “We are...
JSW Steel, Jindal Steel, & Adani Natural Resources among 46 firms bidding for 20 coal blocks
JSW Steel, Jindal Steel and Power, Coal India’s arm Western Coalfields, Adani Natural Resources, and Damodar Valley Corporation are among the 46 companies that have bid for 20 coal blocks of the 27 offered under...
