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Odisha clears Rs 33.53 billion investment for 15 industrial projects
Ahead of the Utkarsh Odisha conclave in January, Odisha’s single window clearance authority, led by Chief Secretary Manoj Ahuja, has approved 15 industrial projects worth Rs 33.53 billion. Spanning sectors like chemicals, renewable energy, steel, food processing, textiles, tourism, pharmaceuticals, and cement, these projects are expected to create over 4,637 jobs across six districts, including…
Adani Power gets NCLT nod to acquire VIPL for Rs 40 billion
Adani Power Limited has received approval from the National Company Law Tribunal (NCLT), Mumbai bench, to acquire Vidarbha Industries Power Limited (VIPL). The acquisition is valued at Rs 40 billion and is expected to close by July 17, 2025. Adani Power received the letter of intent (LoI) for the deal from the resolution professional on…
India | Generation | NewsL&T to sell Nabha Power to Torrent Power
Torrent Power Limited has signed a definitive agreement to acquire 100% equity stake and convertible instruments in Nabha Power Limited (NPL) from L&T Power Development Limited (L&T PDL), a wholly owned subsidiary of Larsen & Toubro (L&T), for an enterprise value of Rs 6,889 crore. The Securities Purchase Agreement (SPA) was executed on February 16,…
Amara Raja Infra wins PGCIL contract for Bidar substation upgrade
Amara Raja Infra Private Limited has secured a contract worth Rs 799.12 million for the 765kV AIS Extension Package SS 95T at the Bidar pooling station from Power Grid Corporation of India Limited (PGCIL). The contract is part of the project titled Augmentation of Transformation Capacity by 3×500 MVA, 400/220kV ICT (6th to 8th) and…
India Energy Stack Taskforce releases version 0.3 framework
The India Energy Stack (IES) Taskforce under the Ministry of Power has released Version 0.3 of its strategy and architecture documents, setting out the next phase of work to develop a unified digital public infrastructure for India’s power sector. The IES project is scheduled for completion by July 2026. The IES initiative seeks to create…
CG Power secures $99.2 million data centre transformer export order
CG Power and Industrial Solutions Limited has secured its largest-ever single order, valued at approximately Rs 900 crore ($99.2 million), from Tallgrass Integrated Logistics Solutions LLC, USA. The export contract covers the supply of power transformers for a large-scale data centre project in the United States, marking CG Power’s entry into the global data centre…
