The government has approved the sale of a 10 percent stake in public sector military planemaker Hindustan Aeronautics Ltd (HAL) through an initial public offering. This comes at a time when it is witnessing competition...
Greenko makes $2.1-billion bid for Reliance-Infrastructure’s Mumbai Power business
Greenko, backed by Singapore’s GIC and Abu Dhabi Investment Authority, has sought to acquire Anil Ambani-led Reliance Infrastructure’s flagship Mumbai electricity business for an enterprise value of Rs...
To Complicate is Simple, to Simplify is complicated
CESC Ltd. is India’s first fully integrated electrical utility company engaged in the generation and distribution of electricity. The company's operation is spanning the entire value chain: right from mining coal...
Petronas keen to buy stake in IOC’s LNG terminal in Tamil Nadu
Malaysia’s state oil firm Petronas has expressed interest in buying stake in the liquefied natural gas (LNG) import terminal being developed by Indian Oil Corporation (IOC), chairman of IOCBSE 0.88 % has said. IOC is...
Mercator in talks for acquisition of Dredging Corporation of India
Mercator Ltd (earlier known as Mercator Lines Ltd), which operates shipping, dredging, coal and oil and gas businesses, has shown preliminary interest in acquiring state-owned Dredging Corp. of India (DCIL), two people...
Essel Group may raise $1 billion to refinance offshore debt
Essel Group, the conglomerate with business interests in media, packaging and infrastructure, is looking to raise up to $1 billion by issuing dollar-denominated bonds, said two people aware of the development. The funds...
Tata Power to invest $90 million in renewable energy arm TPREL
Tata Power Co. Ltd plans to invest around $90 million (close to Rs600 crore) in equity capital in its renewable energy arm Tata Power Renewable Energy Ltd (TPREL) as the company seeks to develop its immediate pipeline...
ReNew eyes Orange’s portfolio in $950 million deal to bulk up before IPO
Sumant Sinha led ReNew Power Ventures Pvt Ltd, a Goldman Sachs backed clean energy company — is in active discussions with Orange Renewable to acquire its portfolio of a little over 600 MW of predominantly wind...
GE arm in talks to invest in Avaada Power’s renewable energy projects
GE Energy Financial Services (GEEFS) is expanding its Indian renewable energy portfolio and is in talks with Avaada Power to invest in the renewable energy projects of the Vineet Mittal-promoted firm, two people aware...
Tata and Essar plants in Gujarat fit for takeover: NTPC
The stressed imported coal based power plants of Tata PowerBSE 1.72 % and Essar Power in Gujarat are fit to be taken over and can be operated without technical glitches, state-run NTPCBSE 0.44 % has found in its...
Tata Power proposes to sell 51% equity in loss-making Mundra UMPP at Re 1
Tata Power has approached Gujarat Urja Vikas Nigam (GUVNL) to buy 51 per cent equity in the 4,000 Mw Mundra Ultra Mega Power Project (UMPP) for Rs 1. Adani Power and Essar Power, which also have power projects based on...