Pact will help ONGC establish continuity among three of its other blocks located in the same region. State-owned oil and natural gas explorer Oil and Natural Gas Corp. Ltd (ONGC) is in talks with Adani-Welspun...
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...
Apollo Welspun Deal: A costly affair?
FLASHBACK As Apollo Global Management LLC (Apollo), the US-based PE fund is cheering its success in the Unites States, its Indian business is still waiting for a take-off. It has set up a joint venture with ICICI...
Welspun buys 76% stake in Portuguese co
Welspun buys 76% stake in Portuguese co Welspun India, global major in terry towel making, has acquired 76% stake in Portugal-based Sorema, Tapates e Cortinas de Banho, SA (Sorema) for Rs 60 crore. The acquisition will...
Welspun Gujarat to form JV with TMK of Russia
Welspun Gujarat to form JV with TMK of Russia MR BRAJA MISHRA (right), Chief executive Officer, Welspun Gujarat Stahl Rohren Ltd, and Mr B.K. Goenka, Vice-Chairman & MD, at a press conference in Mumbai on Wednesday...
Welspun to acquire 40% stake in Joint Venture with TMK
Welspun to acquire 40% stake in Joint Venture with TMK Welspun-Gujarat Stahl Rohren Ltd has announced that the Company have signed the MOU with Volzhsky Pipe Plant (VTZ), a member of the TMK Group, Russia’s...
Welspun Gujarat to de-merge its Plate-cum-Coil division into a 100% subsidiary
Welspun-Gujarat Stahl Rohren Ltd has informed BSE regarding a Press Release dated April 20, 2009 titled "Welspun Gujarat to de-merge its Plate-cum-Coil division into a 100% subsidiary"
Demerger of facility may lift sentiment for Welspun
Steel pipe-maker Welspun Gujarat Stahl Rohren’s decision to de-merge its plate-cum-coil mill into a 100 per cent subsidiary may help improve the market valuation for the parent company. The market value of the...
Actis to acquire Patel Infra’s HAM assets for Rs 1,500 crore
Actis, the UK based investor in sustainable infrastructure, will acquire a portfolio of operational and under-construction Hybrid Annuity Model (HAM) road assets from Patel Infrastructure Limited (PIL). Actis has...
NCLT admits Vadraj Cement for insolvency process
Vadraj Cement, which was stuck in liquidation for more than five years under the Bombay High Court, has been shifted to the National Company Law Tribunal (NCLT) for debt resolution, giving lenders a glimmer of hope to...
Actis to buy Patel Infra’s 5 roads for around $91 mn
Private equity (PE) firm Actis Llp has agreed to acquire five hybrid annuity model (HAM) road projects from Patel Infrastructure Ltd at an equity value of around $91 million, two people aware of the development said...
Brookfield expands green footprint, buys 51% stake in CleanMax Enviro
Canadian investment firm Brookfield has picked up a 51% stake in CleanMax Enviro (CleanMax Solar), which supplies renewable energy to commercial and industrial establishments, said two sources aware of the development...