NEW DELHI: Indian Oil CorporationBSE 4.06 % (IOC) is in talks to buy debt-laden Gujarat State Petroleum Corp’s (GPSC) stake in the under-construction Rs 4,500 crore Mundra LNG import terminal in Gujarat. GSPC is...
Crompton to sell automation arm for Rs 754 cr
Avantha group firm Crompton Greaves is selling its global automation business, ZIV, at a valuation of $112 million (Rs 754 crore) by September, to focus on its India businesses. The company has appointed bankers to sell...
Tata Power acquires Welspun Energy’s renewable assets
NEW DELHI/MUMBAI: Tata Power Company has said its renewables arm has signed an agreement with Welspun Energy Pvt Ltd to acquire its green energy portfolio for an estimated at Rs 10,000 crore ($1.4 billion). In a...
Sajjan Jindal-led JSW Energy set to acquire 1,000 MW power plant for Rs 6,000 crore
JSW Energy, the flagship power generating company of Sajjan Jindal, is set to acquire a 1,000 MW Jindal Power plant for about Rs 6,000 crore, two persons familiar with the matter told ET. “The broad contours of...
Reliance’s Power-Packed Diversification with JP Deal
Anil Ambani-controlled Reliance Power plans to acquire the entire hydroelectricity portfolio of the Jaiprakash Group and has signed an initial agreement for India’s biggest deal in the infrastructure sector other...
POWER MECH PROJECTS LIMITED- Getting Ready for IPO
Incorporated in 2007, the Company is a leading integrated power infrastructure services companies in India providing comprehensive erection, testing and commissioning of boilers, turbines and generators (“ETC-BTG”) and...
JSW Energy Strengthen It’s Power Genration Business
JSW is aggressively betting on the expansion of its power generation business. Power Generation business has a huge gestation gap in terms of time from setting up the business to make it profitable. Therefore to make...
New Companies Act Shall Include Setting Up IEPFA And NFRA
The corporate affairs ministry has charted its road map for full implementation of the new Companies Act that envisages setting up Investor Education and Protection Fund Authority (IEPFA) and National...
Conglomerates – Corporate Dinosaur: On their Way to Extinction?
Introduction: Reason for diversification Every company in its lifetime reaches a phase where the management is under dilemma as to whether they should go for diversification or launch new products in existing range in...