Eminent Electricity Distribution Limited (EEDL), a wholly owned subsidiary of CESC Limited, has signed an SPA with Chandigarh Power Distribution Limited (CPDL) for the acquisition of 100 per cent equity in the distribution company for a cash consideration of Rs 8.71 billion. CPDL is engaged in power distribution projects, with a focus on expanding its distribution business and retail supply of electricity. The acquisition follows the notification of the Chandigarh Electricity Reforms Transfer Scheme, 2025, under which the assets, liabilities and personnel of the Electricity Wing of the Engineering Department, Chandigarh, will be transferred to CPDL, with effect from February 1, 2025.
Connecting Corners: Policy reforms propel the satellite communications sector forward
The Indian satellite communications (satcom) market is experiencing rapid growth due to heavy investment in new satellite systems. The demand for satellite-based services, such as broadband internet and satellite television, is being propelled by the […]
AG&P Pratham and THINK Gas announce merger
AG&P Pratham and THINK Gas have announced the merger of brand identities under a single brand, THINK Gas. The merged entity will now operate in 50 districts across 10 states, covering around 10 per cent […]
Trends and Outlook: Array of initiatives revive stakeholder interest
The road sector has undoubtedly started showing signs of recovery after a slowdown lasting almost three years. […]