IL&FS is set to sell its stakes in three road projects, including Baleshwar-Kharagpur Expressway, Jharkhand Infrastructure Implementation Company, and Jharkhand Road Projects Implementation Company, as part of the resolution process. The company’s board faced challenges […]
Punjab State Power Corporation Limited (PSPCL) is expected to acquire the Goindwal Sahib Power Project (Private) from GVK Power (Goindwal Sahib) Limited (GPGSL) for an amount of Rs 14 billion. PSPCL emerged as the sole […]
Edelweiss Alternative Asset Management, a subsidiary of Edelweiss Financial Services, is selling around 10-20 per cent stake to raise around Rs 15-20 billion. The stake sale is expected to conclude in 4-5 months and is […]
JSW Dharamtar Port Private Limited, a wholly owned subsidiary of JSW Infrastructure Limited (JSWIL), has signed a share purchase agreement to purchase 50 per cent plus one shares of PNP Maritime Services Private Limited (PNP […]
IL&FS Transportation Networks has sold the entire equity stake it held in Jorabat Shillong Expressway Limited (JSEL), a wholly-owned subsidiary to Sekura Roads for Rs 13.43 billion. With this transaction, all the liabilities have been […]
The National Investment and Infrastructure Fund (NIIF) has initiated the sale of its maiden portfolio comprising five road projects worth Rs 100 billion ($1.2 billion). The investment bank, JP Morgan, is overseeing the sale process […]
Power Grid Corporation of India Limited (Powergrid) has acquired Beawar Dausa Transmission Limited and Ramgarh II Transmission Limited through tariff-based competitive bidding. Powergrid will develop the project on a build, own, operate and transfer basis […]
NHAI has granted the IRB Infrastructure Trust a letter of award for the Lalitpur Lakhnadon NH-44 TOT-12 bundle, valued at Rs 44.28 billion. This project’s acquisition will expand IRB’s order book by Rs 39 billion, […]
Oil and Natural Gas Corporation has won a bid to acquire 100 per cent stake in PTC India Limited’s wind power unit for Rs 9.25 billion. The move is in line with the state-owned firm’s […]
IL&FS Transportation Networks Limited (ITNL) has received approval for the transfer of 100 per cent equity stake in Jorabat Shillong Expressway Limited (JSEL), an SPV incorporated for the implementation of the Jorabat-Shillong (Barapani) Four Laning […]
NewCold, a Netherlands-based cold chain logistics and supply chain company, has completed its maiden warehousing transaction in India with the acquisition of Palava Induslogic 3 Private Limited, a wholly owned subsidiary of Macrotech Developers Limited, […]
In order to facilitate debt repayment, the Shapoorji Pallonji Group has initiated talks with private equity players to sell its entire stake in Gopalpur Port, Odisha, and part of the shareholding in Afcons Infrastructure by […]
ITNL has sold the entire equity stake it held in Jorabat Shillong Expressway Limited (JSEL), a wholly owned subsidiary, to Sekura Roads for Rs 13.43 billion. With this transaction, all the liabilities have been adjusted. […]
Power Grid Corporation of India Limited (Powergrid) has acquired Beawar Dausa Transmission Limited and Ramgarh II Transmission Limited (RIITL) through tariff-based competitive bidding (TBCB). Powergrid will develop the project on build, own, operate and transfer […]
The National Highways Authority of India (NHAI) has received dual bids for two sets of highways slated for monetisation under the TOT model. TOT Bundle 11 has received bids from Cube Highways and Oriental Structural […]
JSW Infrastructure has placed bids worth Rs 20 billion to acquire three ports under the government’s privatisation move. The acquisition of the same would add another 10-12 per cent to the company’s capacity. Additionally, the […]
IndiGrid completed acquisition of Virescent Renewable Energy Trust (VRET) having a portfolio of 16 solar projects at an enterprise value of Rs 40 billion. A total of 16 solar projects with a capacity of 538 […]
Adani Energy Solutions Limited (AESL) has acquired an under-development transmission project from Megha Engineering and Infrastructures Limited (MEIL) for an undisclosed amount. It has bought 100 per cent equity shares of the special purpose vehicle, […]
International investment funds, such as Cube Highways, Brookfield, and CPP Investments are vying to acquire three road assets from Reliance Infrastructure at an estimated value of Rs 20 billion. The road assets on the block […]
Sekura is in discussions to acquire a portfolio of 11 hybrid annuity model (HAM) road projects valued at approximately $670 million from Ashoka Concessions, a subsidiary of Ashoka Buildcon. Several potential buyers, including KKR, Cube […]
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