Urban Mass Transit
Month: December 2022
Company Release
Vedanta Aluminium Unveils ‘Accelerating to Net Zero’, its Sustainable Development Report for 2021-22
Vedanta Aluminium, India’s largest producer of aluminium, unveils its Sustainable Development (SD) Report for 2021-22, titled ‘Accelerating to Net Zero’, on National Energy Conservation Day. The report encapsulates the company’s performance across key dimensions of […]
Press Release
Visakha Container Freight Station commissions electric container handling equipment
J M Baxi’s Visakha Container Freight Station has commissioned an electric empty container handler and a hybrid reach stacker, which uses electricity as the main source of energy. The introduction of the yard equipment will […]
Company Release
ATLC Infraconsultants designs a water system providing potable water to 300,000 people in India
Mirzapur, one of the southern districts of Uttar Pradesh, India, spreads over 4,525 square kilometers and includes Vindhyachal Dham, a significant Hindu temple. Until recently, the 300,000 people living in 128 villages of the Marihan […]
Company Release
Evercam’s new 4D View, powered by iTwin, improves collaboration with easier access to real-time videos and project design data
Evercam has announced the addition of Evercam 4D View to Bentley Systems’ powered by iTwin program. Evercam 4D View helps project teams leverage engineering and design data to better understand the construction sequence and communicate […]
Asset Sales
Sterlite Power acquires Kishtwar transmission project in J&K
Sterlite Power has announced the acquisition of Kishtwar Transmission Limited, a special purpose vehicle (SPV), from PFC Consulting Limited. The project was awarded to Sterlite Power through the tariff-based competitive bidding (TBCB) process in March […]
Asset Sales
JSPL acquires Monnet Power’s power plant for Rs 4.10 billion
Jindal Steel & Power Limited has acquired an under-construction power plant from the Monnet Power Company for Rs 4.1 billion through the insolvency resolution process. JSPL will utilise the plant to provide power to its […]
Asset Sales
RECPDCL hands over SPV Gadag II-A Transmission Limited to ReNew Transmission Ventures
REC Power Development and Consultancy Limited (RECPDCL) has handed over the project-specific SPV, Gadag II-A Transmission Limited, to ReNew Transmission Ventures Private Limited (RTVPL). RTVPL has been selected as the successful bidder of the inter-state […]
Asset Sales
AMNS concludes acquisition of assets of Essar group worth Rs 165 billion
Arcelor Mittal Nippon Steel (AMNS) India has concluded the acquisition of assets of the Essar Group worth Rs 165 billion. The assets include a 25 million tonne per annum (mtpa) jetty at the all-weather, deep […]
Asset Sales
ReNew to sell assets worth 1 GW
As part of the company’s capital recycling strategy, ReNew Energy Global Plc is looking to sell 1 GW of its operational clean energy capacity at an enterprise value of around $1 billion. ReNew plans to […]
Asset Sales
Laurus Labs obtains 26 per cent stake in Ethan Energy
Pharmaceutical and biotechnology company Laurus Labs has obtained 26 per cent equity shares in Ethan Energy by investing Rs 39 million. Ethan is an SPV of Vibrant Energy Holdings. This acquisition will allow Laurus Labs […]
Asset Sales
Dalmia Bharat to acquire Jaypee Group’s cement assets for Rs 56.66 billion
The Jaypee Group has signed a binding agreement to sell its cement business to Dalmia Cement (Bharat) Limited at an enterprise value of Rs 56.66 billion. The divestment includes cement plants with an aggregate capacity […]
Asset Sales
NTPC aims to complete monetisation of renewable energy assets by January 2023
NTPC Limited plans to transfer its entire renewable energy portfolio under a new company, NTPC Green Energy Limited, followed by monetisation of its renewable energy assets by end-January 2023. It proposes to offload a 10-20 […]
Mergers & Acquisitions
Swiss based Partners Group to buy majority stake in Sunsure for Rs 32.9 billion
The Partners Group, a Swiss investment firm, has decided to buy a majority stake in Gurugram-based renewable energy company Sunsure Energy for Rs 32.9 billion. The investment will help Sunsure to execute its portfolio of […]
Mergers & Acquisitions
Onmove buys Transin Logistics in all-cash deal
ZastLogisolutions Private Limited, which runs the truck aggregator platform Onmove, has acquired Hyderabad-based Transin Logistics for an unknown amount, in an all-cash transaction. The acquisition will expand its foothold in southern India and pave the […]
Mergers & Acquisitions
CCI approves acquisition of Sembcorp Energy India by Tanweer Infrastructure SAOC
The Competition Commission of India (CCI) has approved the acquisition of Sembcorp Energy India Limited (SEIL) by Tanweer Infrastructure SAOC under the green channel route. Tanweer Infrastructure is indirectly owned by a consortium led by […]
Equity Moves
NIIF to invest in the equity capital of three airport projects
GMR Airports Limited and the National Investment and Infrastructure Fund have announced a financial partnership to invest in the equity capital of three airport projects. These include the greenfield international airports at Mopa, in Goa, […]
Equity Moves
CPP Investments commits Rs 18.50 billion to Kotak Infra Fund
CPP Investments has invested Rs 18.5 billion (C$310 million or $228.9 million) in the Kotak Infrastructure Investment Fund’s first close. The fund would provide senior and secured financing to India’s operating infrastructure projects.
Equity Moves
Transition VC inaugurates Rs 4 billion fund for cleantech startups
Transition VC, an energy transition-focused venture capital firm, has inaugurated a fund with a target corpus of Rs 4 billion, which includes a Rs 2 billion greenshoe option. The Bengaluru-based company plans to invest in […]
Equity Moves
Climate Angels invests in Clean Electric
Climate Angels, an angel investment syndication platform for pollution reduction and climate tech start-ups, has invested in Clean Electric, an energy storage solutions start-up, and helped it raise $2.2 million in a seed round led […]