Petronet LNG Ltd, India’s biggest importer of liquid gas, is in talks to buy 25% stake in Gujarat State Petroleum Corp.’s (GSPC) almost complete Rs4,500 crore Mundra LNG import terminal in Gujarat. The 5-million tonne a...
Tata, Lockheed Martin partner to make F-16s in India
Tata Advanced Systems Ltd and US plane maker Lockheed Martin Corp. have signed an agreement to produce F-16 fighters in India ahead of the government’s plan to buy more fighter jets. India is likely to need 200 more...
Pune-based BVG India planning Rs1,000 crore IPO
Pune-based facility management company BVG India Ltd plans to raise up to Rs1000 crore from an initial public offering (IPO), two people directly aware of the matter said. The proposed offering is in the early stages of...
Sahara in talks for sale of foreign hotels, 30 domestic assets
The embattled Sahara group is in talks for sale of its three prized foreign hotels, while final bids are being evaluated for auction of its 30 domestic properties estimated at about Rs 7,500 crore. While more than 250...
Tata Power to sell non-core assets, improve efficiencies to offset Mundra impact
Power producer Tata Power Co. Ltd plans to sell non-core investments and improve efficiencies to counter the impact of the Supreme Court ruling that disallowed it to charge higher tariff from its Mundra plant. The...
Solar module maker Waaree Energies looks to raise $100 million
Waaree Energies Ltd, one of India’s largest solar module manufacturers, has appointed consulting firm EY to raise around $100 million. The fundraising effort comes in the backdrop of falling solar power tariffs because...
NLC India may acquire Ind-Barath power plant
NLC India Ltd (earlier known as Neyveli Lignite Corp. of India Ltd) is in talks with Hyderabad-based Ind-Barath Power Infra Ltd (IBPIL) to acquire the latter’s coal-fired power plant in Odisha, two people aware of the...
IOC keen to buy 26 pc stake in GSPC’s Mundra LNG terminal
NEW DELHI: State-owned Indian Oil Corp (IOC) is in talks to buy 26 per cent stake in debt-laden Gujarat State Petroleum Corp’s (GPSC) almost-completed Rs 4,500 crore Mundra LNG import terminal in Gujarat. The 5...
JSW infra plans to sell 10 per cent stake
MUMBAI: Sajjan Jindal-led JSW Infrastructure is looking to raise about Rs 1,000 crore by offloading 10 per cent of shares to private equity or strategic partners, its CEO Capt BVJK Sharma told ET, as it sets its sight...
India TV’s Rajat Sharma in talks to buy 9X Media
NEW DELHI: Journalist-turned-entrepreneur Rajat Sharma, who shot to fame by putting politicians, judges and film stars in the dock on his televised show Aap Ki Adalat, is in talks to acquire a controlling stake in New...
GMR Group in talks for stake sale in Chhattisgarh power plant
Mumbai/New Delhi: Infrastructure conglomerate GMR Group has initiated discussions with SembCorp Industries Ltd of Singapore and US-based Lone Star Funds for selling a significant stake in GMR Chhattisgarh Energy Ltd...
Foreign firms lead in asset purchase after Essar Oil buy
With Russian oil major Rosneft’s acquisition of Essar Oil and related assets for a staggering Rs 86,000 crore, foreign companies are now leading in acquiring the assets of debt-heavy Indian companies. Since 2011...