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.
Mobilising Capital: Diverse funding avenues driving infrastructure development
India’s infrastructure financing landscape is gradually evolving, with newer sources of financing playing a greater role alongside traditional funding channels. Several policy and regulatory reforms have enabled a more disciplined financing ecosystem. Public investment has […]
Advanced Air Mobility: Innovations to transform urban commute and regional connectivity
India’s aviation landscape is undergoing a significant transformation, driven by rapid urbanisation, surging domestic air traffic, and initiatives such as the Regional Connectivity Scheme – Ude Desh ka Aam Naagrik (RCS-UDAN). However, long-standing issues such […]
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 […]