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...
Blackstone to buy $1 billion Virginia power plant near data centers
The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset manager told Reuters on Thursday, in a deal symbolizing the allure to investors of power...
Poland’s PGE in preliminary agreement to buy assets from ZE PAK
Poland’s largest power producer PGE has struck a preliminary agreement to potentially buy gas-fired power plant project PAK CCGT from power plant operator ZE PAK, PGE said on Thursday. The preliminary deal also...
JSW Energy gets letter of intent to acquire 3.6 GW KSK Mahanadi thermal plant
JSW Energy on Monday announced it has emerged as a successful applicant to acquire KSK Mahanadi Power Company, which owns 3,600 MW thermal power plants, under insolvency proceedings. This follows the approval by the...
NCLAT dismisses appeal to stay insolvency proceedings against Indrajit Power
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea to stay the insolvency proceedings against debt-ridden thermal power producer Indrajit Power. The appellate tribunal said “no error has been...
