The Ministry of Civil Aviation has released the second provisional list of 23 beneficiaries under the production-linked incentive (PLI) scheme for drone and drone components. The list includes 12 drone manufacturers and 11 drone component […]
According to the Directorate General of Civil Aviation, domestic air passengertraffic has witnessed a strong revival in demand. Indian carriers flew 12 million passengers on local routes in May 2022, recording a volume growth of over five times from 2.1 million in May 2021. […]
According to the International Air Transport Association (IATA), air passenger traffic is expected to reach 83 per cent of the pre-pandemic level in 2022. The aviation sector is expected to regain profitability after losing roughly $200 billion over the last two […]
Torrent Power Limited has completed acquisition of a 50 MW solar power plant in Telangana from the SkyPower Group for Rs 4.16 billion. The long-term power purchase agreement for the project is with Northern Power […]
NTPC Limited is planning to raise Rs 50 billion by selling a stake in NTPC Green Energy Limited (NGEL), a 100 per cent subsidiary of NTPC. NTPC has engaged SBI Capital Markets to advise on […]
JSW Energy Limited, Torrent Power Limited, Apraava Energy (formerly CLP India Private Limited) and Sembcorp Industries have joined the race for acquiring 700 MW of wind and solar energy assets under Vector Green Energy Private […]
TotalEnergies will acquire a 25 per cent minority stake from Adani Enterprises Limited in Adani New Industries Limited. The partnership, centred on green hydrogen, is expected to transform the energy landscape both in India as […]
The Carlyle Group has acquired a 24.04 per cent stake in Bharti Airtel’s data centre subsidiary, Nxtra Data Limited, for Rs 17.88 billion. In a filing with the BSE, Airtel informed that upon conversion of […]
Adani Power Limited has completed the acquisition of 100 per cent equities in Support Properties Private Limited (SPPL) and Eternus Real Estate Private Limited (EREPL) for about Rs 6.09 billion. Earlier, in June 2022, Adani […]
GMR Power and Urban Infra Limited has acquired 100 per cent stake in GMR Green Energy Private Limited (GGEPL) from GMR Solar Energy Private Limited. The company has acquired the entire 50,000 equity shares of […]
The NIIF will invest Rs 22.5 billion for a 22.5 per cent stake in DP World’s wholly owned subsidiary, Hindustan Ports, in order to expand the partnership. The deal is expected to close by the […]
Emiza Supply Chain Services Private Limited, a provider of warehousing and fulfilment services, has acquired Shippigo, a technological platform for shipping solutions based in Gurugram, for an undisclosed sum. The acquisition will allow Emiza to […]
Hindalco Industries has recently acquired a 26 per cent share in Cleanwin Energy SIX’s 5 MW captive open access wind project. The stake acquisition would cost Rs 7.15 million to Hindalco. The move has been […]
Tejas Networks unveiled that it has acquired 62.65 per cent stake in Saankhya Labs for Rs 2.76 billion. According to the stock exchange filing, Tejas Networks has bought 6,081,946 equity shares through secondary purchase at […]
Vedanta Limited will acquire debt-ridden Athena Chhattisgarh Power Limited for Rs 5.65 billion. Athena Chhattisgarh Power has a 1,200 MW coal-based power plant located at JhanjgirChampadistrict in Chhattisgarh. Unit 1 and Unit 2 of the […]
The Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) will acquire an additional 10 per cent stake in Apraava Energy for a total of Rs 6.6 billion from the CLP Group. This […]
Bharti Airtel’s board of directors has cleared the issue of equity shares to Google International LLC on a preferential basis. The move follows Google’s purchase of a 1.2 per cent stake in Airtel for $700 […]
Vodafone Idea Limited (Vi) will raise Rs 4.36 billion from its UK-based promoter, Vodafone Group Plc. The funds raised will be used by Vi for network expansion as well as to prepare for the upcoming […]
Statiq, an EV charging network, has raised $25.7 million (over Rs 2 billion) in a funding round led by Shell Ventures. The firm aims to use the Series A funding to primarily invest in product […]
Route Mobile informed that its board had approved Rs 1.2 billion spending to buy back shares from shareholders barring promoter, promoter group and persons who are in control of the company. As per the regulatory […]
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