Tata Power on Thursday said it has acquired 100 per cent stake in Paradeep Transmission Ltd, a special purpose vehicle (SPV), for Rs 18.64 crore. The acquisition process was completed on November 6, 2024, the company...
NCLAT issues notice to Adani Power on plea contesting acquisition of Lanco Power
The National Company Law Appellate Tribunal (NCLAT) issued a notice to Adani Power Ltd on Monday in response to a plea challenging its approved resolution plan to acquire the bankrupt Lanco Amarkantak Power Limited...
Reliance New Energy acquires additional stake in sodium-ion battery major Faradion
Reliance New Energy (RNEL), a wholly-owned subsidiary of Reliance Industries, has acquired the remaining stake in sodium-ion battery technology company Faradion from existing shareholders, making it a wholly-owned...
Tata Power acquires 40% stake in Khorlochhu Hydro Power for Rs 830 crore
Tata Power on Monday said it has acquired a 40% stake in Bhutan-based Khorlochhu Hydro Power Limited for Rs 830 crore. “It has today executed the Share Purchase Agreement between the company, existing shareholder...
Mahagenco-NTPC top bidder for Sinnar Thermal
A consortium of Maharashtra state government-owned power generation company Mahagenco and public sector NTPC has emerged as the top bidder to take over the 1,350 MW Sinnar Thermal Power plant near Nashik...
Sistema.bio acquires Inclusive Energy
Sistema.bio on Monday said it has acquired Inclusive Energy for an undisclosed amount. The acquisition will significantly enhance its capacity to deliver high-impact biogas solutions with improved digital MRV...
JSW Energy emerges top bidder for KSK Mahanadi Power
Sajjan Jindal-promoted JSW Energy emerged as the top bidder for KSK Mahanadi Power, offering Rs 15,985 crore to financial creditors and outbidding Adani Power at an auction that ended on Saturday, said people with...
Adani Power, Jindal Power, Vedanta, four others in race for Sinnar thermal plant
India’s largest private sector power producer Adani Power Ltd, Naveen Jindal’s Jindal Power Ltd, commodities company Vedanta Group, Kolkata-based Orissa Metaliks Pvt Ltd and Varde Partners’ Singapore...
Adani Energy Solutions acquires 2 SPVs from PFCCL
Adani Energy Solutions Ltd (AESL) on Tuesday said it has acquired two project special purpose vehicles from PFC Consulting Ltd for cash consideration of about Rs 38 crore. In two separate BSE filings, AESL stated that...
Britain’s SSE rebuffed EDP proposal to merge, sources say
Portugal’s main power utility EDP initiated merger discussions with London-listed peer SSE earlier this year, but talks did not progress, three people familiar with the matter told Reuters. The proposed deal would...
NCLAT upholds NCLT order approving Sarda Energy’s bid for SKS Power
The Delhi bench of the National Company Law Appellate Tribunal on Tuesday upheld the National Company Law Tribunal’s 13 August order approving Sarda Energy and Mining Ltd’s resolution plan for bankrupt SKS Power...
Reliance Power to consider stake sale for fundraising, board meeting to be held on October 3
Reliance Power Ltd’s board of directors is to consider a stake sale to raise funds in the company’s upcoming board meeting on Thursday, October 3, according to the company’s BSE filing on Friday...
