The Competition Commission of India has approved the proposed acquisition of 100 per cent shareholding of GVK Power (Goindwal Sahib) Limited by Punjab State Power Corporation Limited (PSPCL). The proposed combination relates to the resolution […]
In a significant development, India and Nepal have signed a long-term agreement for the export of 10,000 MW of power to India over the next decade. The agreement, signed during the seventh meeting of the […]
SJVN Limited has received approval from the Ministry of Finance to establish four joint venture (JV) firms for the creation of hydro and renewable projects with a combined capacity of 8,778 MW in India and […]
Adani Energy Solutions Limited (AESL) has received the letter of intent (LoI) for the acquisition of Halvad Transmission Limited from Power Finance Corporation Consulting Limited (PFCCL). The Halvad Transmission, a special purpose vehicle, has been […]
Waaree Energies Limited has submitted draft papers to the Securities and Exchange Board of India for an initial public offering (IPO) aimed at raising Rs 30 billion ($361 million). The IPO will consist of a […]
GMR Airports has raised a debt facility worth Rs 8 billion from the Standard Chartered Bank, Varde Partners, and Aditya Birla Special Situation Fund for two years and eleven months. With this fundraise, GMR Airports, […]
SJVN Limited has secured Rs 100 billion construction finance facility to fund its upcoming renewable energy projects from a group of leading domestic and international lenders. SJVN Green Energy Limited (SGEL) collaborated with SBI Capital […]
The Government of Tamil Nadu has sought funds from the Union Government for implementation of the Chennai Metro Rail Project Phase-II. As per the request, the state and the Centre are likely to fund in […]
IR is likely to procure 50 Amrit Bharat trains at an investment of Rs 20 billion. The rail coaches will be manufactured at the Integral Coach Factory, Chennai, and Rail Coach Factory, Kapurthala. The manufacturing […]
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