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.
Tapping Potential: Opportunities in the upstream sector
India’s energy landscape is evolving rapidly due to increasing demand, urbanisation and industrial growth. Given its economic expansion, energy demand is expected to double by 2050, with an average growth of 2.4-2.6 per cent per […]
Infra.Market raises Rs 10.5 billion in pre-IPO round
Infra.Market, a technology-enabled construction materials marketplace, has secured Rs 10.5 billion in its pre-IPO funding round. With the latest fundraising, the company’s valuation has reached Rs 241.47 billion. The investors included Tiger Global, Evolvence, and […]
MNRE establishes efficiency standards for solar modules, inverters, and batteries
The Ministry of New and Renewable Energy (MNRE) has issued the Solar Systems, Devices, and Components Goods Order, 2025, setting performance standards for solar modules, inverters and storage batteries. The order aims to improve the […]