New Delhi-based power exchange Indian Energy Exchange Ltd (IEX) has hired merchant bankers to run its listing process, two persons familiar with the development told VCCircle.
Ahmedabad-based Deep Industries Ltd has raised private equity funding worth $20 million (around Rs 136 crore) from Tridevi Capital Partners through its subsidiary company Prabha Energy Private Ltd (PEPL), it said in a statement.
Electrical equipment maker Crompton Greaves Ltd said on Wednesday it has terminated a pact to sell its international power business to US private equity firm First Reserve International Ltd.
Adani Transmission has entered into a definitive share-purchase pact with Reliance Infrastructure for acquiring power transmission assets of 3,100 circuit km at an enterprise value of Rs 1,000 crore.
India Grid Trust (IGT), an infrastructure investment trust (InvIT) which owns inter-state power transmission assets, has filed a draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
Tata Power Company Ltd has signed a revised pact to sell its stake in an Indonesian mine and related trading and infrastructure companies at a price nearly a fifth lower than the original deal.
Adani Transmission Ltd has signed a binding term sheet to acquire Reliance Infrastructure Ltd’s (R-Infra) stake in three power transmission projects, which would strengthen its position as a top private player in the business.
New Delhi-based electrical power developer Hindustan Powerprojects Pvt. Ltd, formerly known as Moser Baer Projects Pvt.
Tata Power Co Ltd and ICICI Venture Funds Management Co Ltd have joined hands to set up a platform that will raise an initial capital of $850 million (Rs 5,650 crore) to invest in power projects.
ReNew Power Ventures Pvt. Ltd, floated by former investment banker and Suzlon COO Sumant Sinha, is acquiring two wind power projects in Andhra Pradesh and Gujarat as it moves beyond the organic growth strategy it has followed thus far.
