The government has mopped up Rs 41.85 billion through the sale of a 3 per cent stake in Coal India. After the offer-for-sale (OFS), Centre’s holding has come down to 63.13 per cent in the […]
The Adani Group has terminated the agreement between Adani Roads, a subsidiary of Adani Enterprises, to acquire the road portfolio from Macquarie Asia Infrastructure Fund (MAIF) for Rs 31.10 billion. Previously, in August 2022, the […]
Private equity and infrastructure investment firms are competing to acquire nine highway projects being offered by the Macquarie Group. Cube Highways, Sekura Infrastructure Fund of Edelweiss Group, and private equity firms including Actis and KKR […]
Adani Ports and Special Economic Zone Limited (APSEZL) has finalised the sale of Myanmar Port for a total of $30 million. APSEZL has obtained an independent valuation on an “as is where is” basis due […]
IRB Infrastructure Developers (IRB) has secured the country’s second largest road monetisation asset – the 158 km Hyderabad Outer Ring Road in Telangana. The project is under the TOT model for a revenue-linked concession period […]
REC Power Development and Consultancy Limited (RECPDCL) has handed over six project-specific special purpose vehicles (SPV) through the tariff-based competitive bidding (TBCB) process to Power Grid Corporation of India Limited (Powergrid). The six SPVs are […]
REC Power Development and Consultancy Limited (RECPDCL) has handed over the special purpose vehicle (SPV) Khavda II-A Transmission Limited to Adani Transmission Limited (ATL). ATL has been selected as the successful bidder of the interstate […]
PFC Consulting Limited (PFCCL) has transferred three project-specific SPVs to Powergrid. The three SPVs are Bhadla Sikar Transmission Limited, Dharamjaigarh Transmission Limited and Raipur Pool Dhamtari Transmission Limited. Powergrid has been selected as the successful […]
JSW Neo Energy Limited (JSW Neo), a wholly-owned subsidiary of JSW Energy Limited, has completed the acquisition of 1,753 MW of renewable energy assets from Mytrah Energy (India) Private Limited (MEIPL), in a two-step process. […]
Hindustan Construction Company Limited (HCC) has completed sale of the entire equity stake in Baharampore-Farak.ka Highways Limited (BFHL), the SPV incorporated for implementation of the Baharampore-Farakka Four Laning Highway Project (NH-34), to Cube Highways and […]
KKR has signed an agreement to acquire a toll road from the Hyderabad-based Navayuga Group. The private equity firm is buying the Navayuga Udupi Tollway for Rs 9.24 billion ($113.2 million). The toll road has […]
Adani Ports and Special Economic Zone (APSEZ) Limited has completed the acquisition of Karaikal Port. The acquisition cost is Rs 14.85 billion. Besides, APSEZ will spend Rs 8.5 billion in upgrading the port infrastructure. Karaikal […]
Adani Power Limited’s Rs 70.17 billion deal to buy thermal power assets of DB Power Limited has fallen through after the long stop date under the MoU dated August 18, 2022 expired. In August 2022, […]
The India Grid Trust (IndiGrid) has completed the acquisition of 100 per cent shareholding and economic interest in Khargone Transmission Limited (KTL) from Sterlite Power Transmission Limited (SPTL). IndiGrid and SPTL signed the binding share […]
Macquarie Asset Management will acquire BSCPL Aurang Tollway Limited, a 150 km road project in Chhattisgarh owned by BSCPL Infrastructure, at an enterprise value of Rs 16 billion (about $200 million). BSCPL Aurang is an […]
Allcargo Logistics has concluded a deal to sell a part of its logistics parks business to Blackstone. This is in line with the agreement signed earlier, which has now been consummated with the signing of […]
SolarArise, a Delhi-based solar developer, has successfully sold its eight solar power projects to the Thomas Lloyd Energy Impact Trust, a London Stock Exchange-listed investment fund. These assets, with a total capacity of 400 MW, […]
RECPDCL has handed over project-specific SPV Madhya Pradesh Power Transmission Package I Limited, to Megha Engineering and Infrastructures Limited (MEIL). With this, the entire shareholding of Madhya Pradesh Power Transmission Package I, comprising 50,000 equity […]
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited has handed over project-specific SPV WRSR Power Transmission Limited, to Adani Transmission Limited (ATL). With this, the entire shareholding of WRSR […]
The NIIF has been awarded the toll-operate-transfer (TOT) 9 bundle by the National Highways Authority of India (NHAI) for Rs 31.44 billion. This is the first TOT project for the NIIF. In October 2022, the […]
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