The proposed union of Power Finance Corp (PFC) and REC could include a preferential allotment of shares to the Centre as part of the merger scheme, to ensure the combined entity can retain its government company tag...
Power
Power Finance acquires 52.63% government stake in REC Limited
In a major move aimed at consolidating public sector non-banking financial companies (NBFCs), Power Finance Corporation Ltd. (PFC) has acquired 52.63% of the government’s holding in REC Limited (REC), effectively making...
PFC-REC merger gets in-principle approval
The board of Power Finance Corporation (PFC) on Friday approved an in-principle merger with REC, taking the Union Budget proposal for restructuring of two of the major public sector non-bank lenders forward. PFC already...
GIP shortlists 4 companies for Vena Energy India sale
Global Infrastructure Partners (GIP), a BlackRock subsidiary, has shortlisted four potential buyers for Vena Energy India, its 1.1 GW renewable energy platform, said people familiar with the matter. Actis, Sembcorp...
Waaree Renewable Technologies shares in focus after approval to acquire 55% stake in ASPL for Rs 1,225 cro
Shares of Waaree Renewable Technologies are expected to remain in focus on Tuesday, January 27, after the company announced plans to acquire a 55% stake in Associated Power Structures Limited (ASPL), marking a key move...
Adani Power in focus as NCLAT clears Rs 4,000-crore Vidarbha Power acquisition
Shares of Adani Power are expected to remain in focus today during the trading session on January 20 after the National Company Law Appellate Tribunal (NCLAT) upheld the company’s Rs 4,000-crore acquisition of Vidarbha...
NCLAT upholds Adani Power’s Rs 4k-cr acquisition of Vidarbha Industries Power
Insolvency appellate tribunal NCLAT has upheld the acquisition of Vidarbha Industries Power by Adani Power Ltd (APL), India’s largest private thermal power producer. The National Company Law Appellate Tribunal...
Berlin to take minority stake in power grid TenneT Germany, says parliamentary source
Germany’s budget committee has approved the purchase of a minority stake in the German division of Dutch high-voltage power transmission grid TenneT, a German parliamentary source told Reuters on Friday, realising...
NTPC in talks to buy minority stake in US-based nuclear tech firm CCTE
NTPC is in talks to buy a minority stake in US-based nuclear fuel technology company Clean Core Thorium Energy (CCTE), the state-owned firm said on Friday. In a reply to a BSE query, NTPC said it continuously explores...
Bhilwara Energy signs pact to acquire 76 MW hydro project in Uttarakhand
Diversified LNJ Bhilwara Group on Thursday said it has signed an agreement to acquire a 100 per cent stake in Mandakini Jal Urja, which is constructing a 76 MW hydro project in Uttarakhand, for an undisclosed amount...
GOCL Corp jumps 9% as board approves merger of Hinduja National Power
GOCL Corporation shares jumped 9 per cent on the BSE, logging an intra-day high at ₹330 per share. The buying on the counter came after the company’s board approved a scheme of merger by absorption of Hinduja National...
WSP Global to acquire TRC Companies in $3.3 billion deal
Services firm WSP Global said on Monday it will acquire U.S. power and energy firm TRC Companies in a $3.3 billion all-cash deal. A surge in power consumption from data centers dedicated to artificial intelligence...