In Short : The Competition Commission of India (CCI) has approved Vedanta Limited’s ₹17,000 crore acquisition of Jaiprakash Associates Limited (JAL) under the Insolvency and Bankruptcy Code. Vedanta, the highest bidder, will pay ₹3,800 crore upfront with the remainder in installments over five years. The acquisition expands Vedanta into cement and infrastructure, enabling operational synergies […]
Torrent Power Invests ₹211 Crore to Strengthen Renewable Energy Portfolio via Newzone India Acquisition – EQ
In Short : Torrent Power has invested ₹211 crore to acquire stakes in Newzone India Pvt Ltd and its holding firm. The acquisition will help expand Torrent Power’s renewable energy portfolio and strengthen its clean energy presence in India. This move reflects the company’s strategy to accelerate sustainable growth and support the nation’s transition toward […]
Waaree Energies Strengthens Renewable Ecosystem with ₹192 Crore Acquisition of Kotsons – EQ
In Short : Waaree Energies has acquired a 64% stake in transformer manufacturer Kotsons for ₹192 crore, marking a strategic move to strengthen its renewable energy ecosystem. The acquisition will enhance Waaree’s backward integration, ensuring reliable transformer supply for solar and power projects. This step supports India’s clean energy transition while boosting Waaree’s infrastructure capabilities […]
Enviro Infra Expands Clean Energy Portfolio with ₹116 Crore Acquisition of Vento Power – EQ
In Short : Enviro Infra has acquired renewable energy company Vento Power for ₹116 crore, marking a significant step in strengthening its clean energy portfolio. The acquisition is expected to enhance Enviro Infra’s presence in the renewable sector and support India’s green energy transition. This move aligns with the company’s strategy of expanding sustainable assets […]
John Cockerill Strengthens Hydrogen Push with Acquisition of McPhy’s Belfort Assets – EQ
In Short : John Cockerill has acquired key assets from McPhy Energy to strengthen its position in the green hydrogen sector and scale up electrolyser production. The acquisition includes equipment, technology, and personnel from McPhy’s Belfort site in France. This move will enhance John Cockerill’s manufacturing capacity and accelerate its efforts to meet growing global […]
IndiGrid to Expand Green Energy Portfolio with ₹21 Billion ReNew Asset Acquisition – EQ
In Short : IndiGrid is set to acquire transmission and solar assets from ReNew for ₹21 billion, expanding its clean energy portfolio. The acquisition will be financed through ₹4,200 crore raised via AAA-rated non-convertible debentures. This move aligns with IndiGrid’s strategy to grow its asset base, refinance existing debt, and invest in under-construction and augmentation […]
ONGC Green Strengthens Renewable Portfolio with ₹1,179 Crore Acquisition of PTC Energy – EQ
In Short : ONGC Green Limited, a subsidiary of ONGC, has acquired PTC Energy Limited for ₹1,179 crore. The acquisition includes PTC Energy’s 288.8 MW renewable energy assets, primarily wind power projects. This strategic move strengthens ONGC’s green energy portfolio, aligning with its plans to expand in the renewable sector and support India’s clean energy […]
JSW Energy Strengthens Power Portfolio with KSK Mahanadi Acquisition Pending Regulatory Approvals – EQ
In Short : JSW Energy has received a Letter of Intent to acquire KSK Mahanadi Power’s 3,600 MW thermal plant in Chhattisgarh. The deal, approved by creditors, awaits clearance from the NCLT and CCI. With 1,800 MW operational and 1,800 MW under construction, the acquisition will strengthen JSW Energy’s power portfolio and support India’s growing […]
Jindal India Renewable Energy scouts for acquisition to expand portfolio to 5 GW – EQ
Lupin Expands into Renewable Energy with Successful Acquisition of Sunsure Solarpark – EQ
In Short : Lupin Pharmaceuticals has successfully completed its equity acquisition in Sunsure Solarpark, marking its entry into the renewable energy sector. This acquisition aligns with Lupin’s strategic goal to diversify its portfolio and contribute to sustainable energy solutions. Sunsure Solarpark, known for its solar energy projects, will benefit from Lupin’s investment, supporting India’s growing […]