In Short : Mahindra Group will acquire a 26% equity stake in Neon Hybren Pvt Ltd to develop a captive solar power project in Punjab. The investment supports Mahindra’s renewable energy transition and long-term power cost optimization. The project will supply clean electricity for captive consumption, helping reduce carbon emissions, enhance energy security, and align […]
Global Investor TPG to Acquire Aseem Infrastructure Finance in ₹4,000 Crore Clean Energy Financing Push – EQ
In Short : TPG plans to acquire Aseem Infrastructure Finance, backed by National Investment and Infrastructure Fund, in a ₹4,000 crore deal aimed at scaling green infrastructure lending. The acquisition reflects rising investor confidence in India’s energy transition. The move is expected to strengthen capital availability, expand renewable financing, and accelerate investments across sustainable infrastructure, […]
Major Industry Players Line Up to Acquire Gupta Power as 22 Bidders Enter the Race – EQ
In Short : Jindal Power, Vedanta, and Havells are among 22 companies that have submitted bids to acquire Gupta Power, indicating strong investor interest in the stressed power and cable manufacturing firm. The bidding process highlights renewed confidence in India’s power equipment and infrastructure sector, driven by rising demand for transmission, distribution, and industrial electrical […]
Inox Green Makes ₹600 Crore Strategic Bid to Acquire Wind World India’s O&M Business – EQ
In Short : Inox Green Energy Services has submitted a ₹600 crore offer to acquire the operations and maintenance business of Wind World India. The proposed acquisition is aimed at significantly expanding Inox Green’s renewable services portfolio and strengthening its position in the wind energy sector. If completed, the deal will enhance scale, long-term revenues, […]
Vedanta Moves to Acquire Debt-Hit Jaiprakash Associates in Strategic Expansion – EQ
In Short : Vedanta has approached the Competition Commission of India (CCI) seeking approval to acquire debt-ridden Jaiprakash Associates. The move is part of Vedanta’s strategy to expand its portfolio and strengthen its presence in the infrastructure and cement sectors. If cleared, the acquisition could provide financial relief to Jaiprakash Associates while boosting Vedanta’s growth […]
Serentica to Acquire Indian Solar Business from Statkraft – EQ
Mumbai – Serentica Renewables, India’s largest decarbonization platform for C&I and utility customers, has signed binding agreements with Norway based Statkraft to acquire their Indian solar business. Statkraft’s Indian solar business comprises of 445 MWp operational solar plant at Bikaner and 1 GWp of development assets across Rajasthan. The portfolio is strategically located in resource […]
Adani Power Secures NCLT Nod to Acquire Vidarbha Industries’ 600 MW Plant for ₹4,000 Crore – EQ
In Short : The National Company Law Tribunal has approved Adani Power’s ₹4,000 crore plan to acquire Vidarbha Industries Power Ltd, which operates a 600 MW thermal plant in Nagpur. This move aligns with Adani Power’s strategy to expand its power generation capacity from 17.6 GW to over 30 GW by 2030, strengthening its presence […]
TPG-led consortium seeks CCI nod to acquire Siemens Gamesa’s wind biz – EQ
In Short : A TPG-led consortium, including Mavco Investments and former JSW Energy CEO Prashant Jain, has sought Competition Commission of India approval to acquire Siemens Gamesa’s onshore wind business in India and Sri Lanka. The deal covers manufacturing, assembly, operation, and maintenance of wind turbines, with Siemens Gamesa retaining a 10% stake in the […]
Blackstone Joins Competitive Bid to Acquire Statkraft’s 2 GW Renewable Portfolio in India – EQ
In Short : Blackstone has submitted a $1.5 billion non-binding offer to acquire Statkraft’s India renewable energy portfolio, marking its potential entry into the sector. The 2 GW portfolio includes wind, solar, and hydro assets. Competing bidders include KKR-backed Serentica, Sembcorp, and BlackRock. Statkraft aims to exit India to refocus on core markets like Europe […]
TPG-Led Consortium to acquire Siemens Gamesa India for $500-550M – EQ
In Short : A TPG-led consortium is set to acquire Siemens Gamesa India for $500-550 million. This strategic move strengthens the consortium’s position in India’s growing renewable energy sector. Siemens Gamesa India, a key player in wind energy, will benefit from fresh investments and expansion opportunities, supporting India’s clean energy transition and boosting the country’s […]