The Competition Commission of India (CCI) on Tuesday approved stake acquisition in Tata Power-backed renewable energy subsidiary, Tata Power Renewable Energy by BlackRock Real Assets-led consortium, including Mubadala...
REC for selling PFC stake in Co to PGCIL
The state-run REC Ltd has suggested the government consider selling Power Finance Corporation’s (PFC) stake in the company to Power Grid Corp of India (PGCIL). In a presentation made to the power ministry in the...
NTPC aims to raise Rs 5,000 crore via stake sale in green arm
NTPC plans to raise ₹5,000 crore by selling a stake in a newly created green energy arm, according to people aware of the matter. The state-owned power generation giant has engaged SBI Capital Markets to advise on the...
Kalpataru Power completes acquisition of Swedish firm Linjemontage i Grastrop
Kalpataru Power Transmission Limited (KPTL) completed the acquisition of the remaining 15 per cent stake in Sweden-based engineering procurement and construction company Linjemontage i Grastrop AB for USD 11.5 million...
NCLAT paves way for NTPC’s Jhabua buy
NTPC is set to buy Jhabua Power, its first acquisition under the Insolvency and Bankruptcy Code (IBC), after the adjudicating authority upheld a lower bench order that had initially validated the government-owned power...
SSE, Equinor to buy UK’s Triton Power for $418 mln
British renewable power generator and network operator SSE Plc said that SSE Thermal and Norwegian oil and gas company Equinor would buy power generating company Triton Power for 341 million pounds ($418.65 million)...
Adani, Jindal Power Cos in Race to Buy Ind-Barath Thermal
Gautam Adani-promoted Adani Power and Naveen Jindal-promoted Jindal Power (JPL) are in the race to acquire Ind-Barath Thermal Power in a bankruptcy auction, two people aware of the development told ET. Interest in...
Jindal Power to buy Simhapuri power plant for about ₹300 cr
Jindal Power Limited, owned by worldone private limited, a private company owned by the promoter group of Jindal Steel and Power Ltd., is set to acquire Simhapuri Energy’s 600 MW power plant that runs on imported...
Adani Power acquires infra development firms SPPL and EREPL for over Rs 609 crore
Adani Power completed the acquisition of 100 per cent equities in SPPL and EREPL for about Rs 609 crore. On June 7, 2022, had signed a share-purchase agreement to acquire 100 per cent equity shares of two companies, viz...
TotalEnergies to acquire 25% in Adani Enterprises’ arm for green hydrogen biz
Adani Ent has partnered with TotalEnergies to create the world’s largest green hydrogen ecosystem, the company said in a stock exchange filing on Tuesday. France’s TotalEnergies will be acquiring a 25% minority interest...
Megha Engg to buy Lanco Anpara stake for Rs 855 crore
Banks led by IDBI Bank will soon sell 71% equity stake of thermal power company Lanco Anpara Power to Hyderabad-based Megha Engineering and Infrastructures for ₹855 crore, said two people aware of the development...
Essar sells Mahan-Sipat transmission line to Adani for Rs 1,913 cr
Essar Power Transmission Company (EPTCL) has entered into a definitive agreement with Adani Transmission (ATL) to sell one of its two transmission lines at an enterprise valuation of Rs 1,913 crore. EPTCL has 465-km...
