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.
Fuelling Growth: Key developments in the oil and gas sector
The oil and gas sector in India has witnessed notable progress in key segments, despite tumultuous times globally. Growing momentum in exploration and production (E&P) has been accompanied by efforts to expand refinery capacity and […]
Cube Highways InvIT acquires two road assets from NIIF worth Rs 41.84 billion
Cube Highways InvIT has entered into an SPA with the NIIF to acquire two road assets valued at Rs 41.84 billion. The deal signed includes the purchase of a 100 per cent stake in Athaang […]
The Wind Turns: Signs of revival in the sector
India’s wind power sector has regained momentum, recording its highest annual additions in nearly a decade. During 2025-26, the country added 6.05 GW of new wind capacity, exceeding the previous peak of around 5.5 GW […]