Torrent Power Limited on Wednesday said it will buy 51% stake in Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation. Torrent Power has entered into an agreement with the administrator of the Union...
Torrent Power completes acquisition of 156 Mw wind power plants from CESC Ltd
Torrent Power Ltd on Friday said it has completed the acquisition of Surya Vidyut Ltd, a wholly-owned subsidiary of CESC Limited. Surya Vidyut operates 156 Mw Wind power plants in Gujarat, Rajasthan and Madhya Pradesh...
Tata Power’s Singapore JV wins bid to acquire SEUPTCL
Tata Power on Wednesday said its Singapore-based JV Resurgent Power Ventures has won the bid to acquire the stressed asset of South East UP Power Transmission Company Limited (SEUPTCL) through its resolution process...
PGInvIT investment manager board approves investment worth Rs 644 cr for acquisitions
Infrastructure investment trust PGInvIT will acquire stakes in various assets of Power Grid Corporation of India Ltd (PGCIL) for Rs 644.15 crore, a regulatory filing said on Monday. The Board of Directors of POWERGRID...
RIL, Adani Power among companies bidding for Lanco Amarkantak
Reliance Industries, Adani Power, Oaktree Capital’s fund, O P Jindal promoted Jindal Power Ltd and a consortium of three state-owned entities – Power Finance Corporation, REC Ltd and NTPC Ltd – have...
JMC Projects to merge into parent Kalpataru Power Transmission as companies eye larger EPC projects
Kalpataru Power Transmission (KPTL) on Saturday announced that its subsidiary JMC Projects will be merged into itself to benefit from synergies, create a stronger balance sheet and to enable the combined entity to bid...
GSEC Limited and Rakesh Shah consortium win bid for Diamond Power Infra
A consortium of Ahmedabad-based GSEC Limited and its promoter Rakesh Shah have emerged as the winning bidder for Diamond Power Infrastructure Limited that is undergoing a debt resolution process under the insolvency and...
Kinetic Green to partner China’s Aima for electric two-wheelers
After China’s largest car maker SAIC and SUV maker Great Wall, now one of country’s largest electric two wheeler maker Aima Technology Group is looking to get a foothold in India through a collaboration with...
Tata, Adani set to bid third time for UP Power Transco
Tata and Adani will go head-to-head for a third time in the hard-fought contest for South East UP Power Transmission Company after lenders called for another round of bids since the previous two rounds were...
PFC, REC may bid for stressed assets
The two dedicated power sector financiers Power Finance Corp (PFC) and REC Ltd are considering bidding for stressed power assets to prevent large haircuts on their loans during resolutions. The state-run companies...
Indian Oil picks up IEX’s 4.93% stake in gas exchange IGX
Indian Energy Exchange (IEX), the country’s largest power exchange, has sold 4.93% of its stake in Indian Gas Exchange Ltd to Indian Oil Corp. IEX and National Stock Exchange are promoters of IGX, India’s only gas...
Tata Power seeks UP Transco sale via Swiss challenge method
Tata Power wants banks to use the Swiss challenge method for sale of South East UP Power Transmission Company, claiming it should be allowed to match the best offer because it had emerged as the highest bidder in a...
