Oil & Gas
Gas Trading Exchange: Price Discovery, Volumes Traded and Future Plans
by Deepak Mehta, Head, Business Development, Indian Gas Exchange
Month: February 2023
Company Release
Caterpillar showcases products, technologies and services to support India’s infrastructure growth at Bauma Conexpo India 2023
Caterpillar Inc., the world’s largest manufacturer of construction and mining equipment, has showcased its world-class products equipped with advanced technology and digital-enabled service solutions at Bauma Conexpo India in Delhi. From connected assets to online […]
Asset Sales
Allcargo Logistics concludes deal to sell part of its logistics parks business
Allcargo Logistics has concluded a deal to sell a part of its logistics parks business to Blackstone. This is in line with the agreement signed earlier, which has now been consummated with the signing of […]
Asset Sales
SolarArise sells its’ solar assets to Thomas Llyod
SolarArise, a Delhi-based solar developer, has successfully sold its eight solar power projects to the Thomas Lloyd Energy Impact Trust, a London Stock Exchange-listed investment fund. These assets, with a total capacity of 400 MW, […]
Asset Sales
RECPDCL hands over MP Power Transmission Package- I to Megha Engineering
RECPDCL has handed over project-specific SPV Madhya Pradesh Power Transmission Package I Limited, to Megha Engineering and Infrastructures Limited (MEIL). With this, the entire shareholding of Madhya Pradesh Power Transmission Package I, comprising 50,000 equity […]
Asset Sales
RECPDCL hands over WRSR Power Transmission to Adani Transmission
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited has handed over project-specific SPV WRSR Power Transmission Limited, to Adani Transmission Limited (ATL). With this, the entire shareholding of WRSR […]
Asset Sales
NIIF wins TOT bundle 9 from NHAI for Rs 31.44 billion
The NIIF has been awarded the toll-operate-transfer (TOT) 9 bundle by the National Highways Authority of India (NHAI) for Rs 31.44 billion. This is the first TOT project for the NIIF. In October 2022, the […]
Mergers & Acquisitions
CCI approves NIIF’s NIIF’s stake purchase in HPPL
The Competition Commission of India (CCI) has cleared the acquisition of stake in Hindustan Ports Private Limited (HPPL) by the NIIF. The proposed transaction relates to the NIIF’s acquisition of up to 25 per cent […]
Mergers & Acquisitions
I Squared Capital acquires controlling stake in Polaris Smart Metering
I Squared Capital has acquired a controlling stake in Polaris Smart Metering Private Limited, which owns Gram Power (India) Private Limited, through an investment of $100 million. The firm has also rebranded its India business, […]
Mergers & Acquisitions
Government becomes single largest shareholder in Vi with 33.44 per cent stake
Vi has announced that the government will hold a 33.44 per cent stake in the telco and that its board has cleared the allotment of shares. The government will thus become the single largest shareholder […]
Mergers & Acquisitions
Bharti Airtel concludes amalgamation merger of Nettle Infrastructure Investments Limited and Telesonic Networks Limited
Bharti Airtel has concluded the merger of wholly owned subsidiaries, Nettle Infrastructure Investments Limited and Telesonic Networks Limited. The merger, effective February 1, 2023, was carried out after the telco received requisite approvals from the […]
Mergers & Acquisitions
STL to divest its telecom product software business to Skyvera for $15 million
Sterlite Technologies Limited (STL) has announced its plan to divest its network software, data and analytics, business software – operations support systems and business support systems – and services business unit to Skyvera for a […]
Mergers & Acquisitions
Hapag-Lloyd AG to acquire 35 per cent stake in JMBPL
Hapag-Lloyd has signed a binding agreement to acquire a 35 per cent stake in J.M. Baxi Ports and Logistics Limited (JMBPL) from a Bain Capital Private Equity affiliate. Further, the company has signed a binding agreement with JMBPL and its promoters, the Kotak family, to […]
Mergers & Acquisitions
Indigrid to acquire 100 per cent shareholding in Khargone Transmission
The India Grid Trust (IndiGrid) has signed a share purchase agreement for the acquisition of 100 per cent shareholding and economic interest, in one or more tranches, in Khargone Transmission Limited from Sterlite Power Transmission […]
Mergers & Acquisitions
Adani Green Energy arm to acquire 50 per cent equity in Essel Saurya Urja Company of Rajasthan
Adani Renewable Energy Holding Two Limited, a wholly owned subsidiary of Adani Green Energy Limited, has entered into a binding term sheet for the acquisition of 50 per cent equity interest in Essel Saurya Urja […]
Mergers & Acquisitions
Vedanta to buy Meenakshi Energy for Rs 14.40 billion
Vedanta Limited will acquire debt-ridden power plant Meenakshi Energy Limited for Rs 11.4 billion. Of the total consideration, the company will pay Rs 3.12 billion upfront and the remaining Rs 11.28 billion in the form […]
Mergers & Acquisitions
GAW, CapitaLand eye majority stake in renewables firm CleanMax
GAW Capital Partners of Hong Kong and CapitaLand Investment Limited of Singapore are looking to buy a majority stake in rooftop solar power maker CleanMax Enviro Energy Solutions Private Limited for approximately $550 million. Other […]
Equity Moves
Vedanta Group authorises equity investment for 691 MW renewable energy projects
The board of directors of the Vedanta Group has approved the procurement of 691 MW of renewable energy to power the company’s aluminium, copper, and oil and gas operations across India. The company will obtain […]
Equity Moves
Chara secures $4.75 million in funding pre-series A round
Chara Technologies Private Limited, a Bengaluru-based manufacturer of electric motors for electric vehicles (EVs), has raised $4.75 million in a pre-Series A round of funding led by Exfinity Venture Partners. The round also witnessed participation […]
Equity Moves
Loom Solar secures $2 million in fundraising
Loom Solar, a solar technology start-up based in Haryana, has raised $2 million in funding from US-based asset manager Social Investment Managers and Advisors (SIMA Funds) to support its growth strategy for solar energy solutions. […]