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 […]
Refex Green Mobility to Acquire Gensol’s 2,997 EVs; Strategic Tie-up Includes Transfer of Associated Debt of INR 315 Crore – EQ
Key move to significantly deleverage Gensol’s balance sheet, substantially reducing the debt-equity ratio; to create sizeable headroom for future growth initiatives Ahmedabad/Chennai – Gensol Engineering Limited (“Gensol”) and Refex Green Mobility Limited (“RefexeVeelz”) are pleased to announce a strategic tie-up for the transfer of 2,997 electric four-wheelers (e4Ws). This step is a significant one towards […]
JSW Energy to acquire KSK Mahanadi Power for Rs 15,985 crore – EQ
In Short : JSW Energy is set to acquire KSK Mahanadi Power for ₹15,985 crore, marking one of the significant deals in the Indian power sector. This acquisition will enhance JSW Energy’s capacity and strengthen its position in the energy market. The move aligns with the company’s strategy to expand its footprint in the thermal […]
Waaree Energies inks pact to acquire Enel Green Power India for Rs 792 cr – EQ
In Short : Waaree Energies Ltd has agreed to acquire Enel Green Power India for ₹792 crore. Enel’s Indian arm operates 640 MW of solar and wind projects, with a 2.5 GW project pipeline. This acquisition will diversify Waaree’s revenue, strengthen its wind energy capabilities, and boost its Independent Power Producer business. Completion is expected […]
Indus Towers to acquire 26 pc stake in JSW Green Energy Eight for Rs 38 cr – EQ
In Short : Indus Towers, one of India’s largest telecom infrastructure providers, is set to acquire a 26% equity stake in JSW Green Energy Eight Pvt Ltd for ₹38 crore. This strategic move supports Indus Towers’ commitment to adopting renewable energy and reducing carbon emissions. JSW Green Energy Eight focuses on sustainable power solutions, aligning […]
Astongreens Announce Its Strategic Acquisition of Significant Shareholding in Smarttrak AI – EQ
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 […]