Team Astongreens is happy to announce its strategic acquisition of significant shareholding in Smarttrak AI (a team of passionate Techies from IITs and other eminent institutes led by Bhagwan Reddy, a tech- entrepreneur) to build further on its plans to be a Cost Effective, Technology enabled Service Provider in the C&I Solar Space. Smarttrak AI […]
Sterlite Power Acquires Khavda IV C Power Transmission – EQ
In Short : Sterlite Power has acquired the Khavda IV C power transmission project. This strategic acquisition strengthens Sterlite Power’s portfolio in the renewable energy sector, as the project is crucial for transmitting electricity from renewable energy sources. Located in Gujarat, the Khavda IV C project will play a key role in supporting India’s renewable […]
Power Grid acquires two transmission projects under competitive bidding – EQ
In Short : Power Grid Corporation of India Limited (PGCIL) has acquired two transmission projects through competitive bidding. These acquisitions are part of Power Grid’s strategy to expand its transmission network and enhance India’s electricity infrastructure. The projects will help in strengthening the national grid, improving the reliability of power supply, and supporting the country’s […]
Power Grid Corp acquires Rajasthan IV E Power Transmission for ₹18.54 crore – EQ
In Short – POWERGRID, the state-owned Power Grid Corporation of India Ltd, announced on August 19 its acquisition of Rajasthan IV E Power Transmission Ltd (RIVEPTL) for ₹18.54 crore. This acquisition follows POWERGRID’s successful bid under the Tariff-Based Competitive Bidding process, further expanding its footprint in the power transmission sector. In Detail – State-owned Power […]
Tata Steel to acquire 26 per cent stake in Tata Power Renewable Energy arm TPVSL – EQ
In Short : Tata Steel, one of India’s leading steel producers, has announced plans to acquire a 26% stake in Tata Power’s subsidiary, Tata Power Solar Systems Limited (TPVSL). This strategic move aligns with Tata Steel’s commitment to expanding its presence in the renewable energy sector. By investing in TPVSL, Tata Steel aims to enhance […]
KKR to acquire stake in SingTel’s regional data centre unit for $807 mln – EQ
Singapore Telecommunications said on Monday global investment firm KKR will acquire a 20 per cent stake in SingTel’s regional data centre business for S$1.1 billion ($806.87 million) Singapore Telecommunications (SingTel) said on Monday global investment firm KKR will acquire a 20 per cent stake in SingTel’s regional data centre business for S$1.1 billion ($806.87 million). […]
CRISIL To Acquire Bridge To India Energy – EQ
The acquisition is subject to applicable regulatory approvals and other customary conditions, and expected to close in the next three months. CRISIL, an S&P Global company, has entered into a definitive agreement to acquire Bridge To India Energy Private Limited (‘Bridge To India’), a leading renewable energy consulting and knowledge services provider to financial and […]
NTPC can acquire stranded thermal power plants rather investing in new projects: IEEFA – EQ Mag
According to the Institute for Energy Economics and Financial Analysis (IEEFA), acquiring and reviving stranded thermal power plants is a better option for all stakeholders, including NTPC. Strategic acquisitions and subsequent revival of stranded thermal power plants by state-owned NTPC can help banks clear their balance sheets, IEEFA has said. According to the Institute for […]
Ørsted to acquire Eversource share of uncontracted offshore wind seabed – EQ Mag
Ørsted to fully own seabed with up to 4 GW of capacity and fully own strategic O&M contracts. Acquisition further strengthens Ørsted’s offshore wind energy position in the US Northeast. Ørsted has signed an agreement to acquire Eversource Energy’s 50 % interest in the uncontracted federal offshore wind lease area currently owned jointly by the […]
JSW Group exploring possibilities to acquire coking coal mines in offshore markets: Sources – EQ Mag
JSW Steel is into manufacturing steel through the blast furnace route, a process that requires coking coal as a key raw material. NEW DELHI : Homegrown firm JSW Group is exploring possibilities to acquire coking coal mines in offshore markets, industry sources said. The steel-to-infrastructure group is exploring the mineral assets in countries like Australia […]