Premier Energies on Thursday announced its foray into transformer manufacturing by acquiring a majority 51 percent stake in Transcon Industries for a total consideration of Rs 500.3 crore. The acquisition is a key...
Power
ReNew gets final non-binding acquisition proposal from Masdar, CPP Investments, others
ReNew Global Energy Plc (ReNew) has received a final non-binding proposal to acquire its entire share, which is not owned by members of a consortium, including CPP Investments and founder Sumant Sinha, for USD 8.15 per...
Jindal Power buys Apraava Energy’s Jhajjar power plant
Naveen Jindal-owned Jindal Power Ltd (JPL) has signed an agreement to acquire the 1,350 MW Jhajjar Power Project in Haryana from Apraava Energy (formerly CLP India), marking one of the largest thermal power deals in...
Shell to restart Sprng Energy sale process, ropes in Barclays
Shell PLC is set to revive the sale of Indian renewable power producer Sprng Energy and has appointed Barclays to advise on the potential sale, said people aware of the matter. A formal process will be launched within a...
Jindal Power gets CCI nod to acquire debt-ridden Jaiprakash Associates
Fair trade regulator CCI on Tuesday said it has given in-principle approval to Naveen Jindal-led Jindal Power’s proposal to acquire debt-ridden Jaiprakash Associates, should it win a bid in the ongoing insolvency...
Reliance Power to divest Indonesian coal subsidiaries for $12 million
Reliance Power said it has signed an agreement to sell its entire stake in five Indonesian coal entities for a total consideration of $12 million. In a regulatory filing, the company said that its subsidiaries: Reliance...
Torrent Power picks up stakes in Newzone India, its holding firm for Rs 211 crore
Torrent Power on Tuesday said it has acquired stakes in Newzone India Pvt Ltd and its holding company Newzone Power Projects Pvt Ltd for around Rs 211 crore. Newzone Power Projects Pvt Ltd (NZPPPL) is the holding...
NTPC looks to acquire uranium assets overseas to ensure fuel for future nuclear projects
Home-grown power giant NTPC, which is diversifying into clean energy generation, looks to acquire uranium assets overseas to ensure fuel availability for its future nuclear projects, according to a company official...
JSW Energy to acquire Tidong Power from Norway firm for ₹1.7K crore
Sajjan Jindal-owned JSW Energy’s renewable arm, JSW Neo Energy, has agreed to acquire Tidong Power Generation from Norway’s Statkraft IH Holding in a ₹1,728 crore deal. The deal would add a 150-megawatt (Mw)...
JSW Neo buys Statkraft hydro power unit in Himachal for ₹ 1,727 cr
JSW Neo Energy has acquired Statkraft’s hydro power unit in Himachal Pradesh for an enterprise value of ₹1,727 crore, according to a stock exchange disclosure on Thursday. ET had first reported in its Wednesday...
JSW Neo frontrunner to acquire Statkraft’s HP hydro power unit
JSW Neo Energy has emerged the frontrunner to buy Statkraft’s Himachal Pradesh hydro power unit that houses a project on the Tidong tributary of the Sutlej River, said sources familiar with the matter. Its offer...
Statkraft signs agreement to sell solar, wind projects in India to Serentica
Statkraft, Europe’s largest producer of renewable energy, has signed an agreement to sell parts of its renewable energy portfolio in India to Serentica Renewables. The agreement with Serentica Renewables includes a...