acquisition

India | News | T&D

Adani Energy acquires Khavda phase V transmission SPV
By December 15, 2025December 15, 2025

Adani Energy Solutions Limited has completed the acquisition of a transmission project that will support gigawatt-scale renewable energy evacuation from the Khavda region in Gujarat. The company executed a Share Purchase Agreement on 12 December 2025 with PFC Consulting Limited to acquire all equity shares of KPS III HVDC Transmission Limited. The company received a Letter of Intent for the transaction in November 2025. Power Finance Corporation Limited, which is the parent company of the…

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India | Finance | News

VRPL to acquire full equity in Refex Engineering Products
By November 26, 2025November 26, 2025

Venwind Refex Power Limited, a wholly owned unit of Refex Industries Limited, plans to buy 100 per cent equity in Refex Engineering Products Private Limited. The move will place REPPL as a step-down subsidiary of Refex Industries. REPPL is now fully owned by Refex Holding Private Limited. The planned deal covers 10,000 fully paid-up equity shares with a face value of Rs 10 each, for a total of Rs 100,000. REPPL provides civil engineering and…

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India | News | Renewable Energy

Waaree Energies subsidiary to acquire Sunbreeze Ninth Cloud
By November 5, 2025November 5, 2025

Waaree Energies Limited announced that its wholly owned subsidiary, Waaree Forever Energies Private Limited (WFEPL), has entered into a Share Purchase Agreement to acquire 100% equity in Sunbreeze Ninth Cloud Private Limited. The acquisition is subject to standard closing conditions and is expected to be completed by November 30, 2025, or on a mutually agreed later date. Waaree confirmed that the transaction does not involve any related parties, and none of its promoters or group…

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India | Generation | News

MEIL Energy acquires 250 MW lignite power plant in Tamil Nadu
By November 3, 2025November 3, 2025

MEIL Energy Private Limited, a subsidiary of Megha Engineering & Infrastructures Limited (MEIL), has completed the acquisition of a 250 MW lignite-fired power plant in Neyveli, Tamil Nadu. With this addition, MEIL’s total power generation capacity now exceeds 5.2 GW. The company said the newly acquired asset will be integrated into its energy portfolio with a focus on operational efficiency and disciplined management to ensure long-term value creation. Salil Kumar Mishra, Chief Financial Officer of…

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India | Finance | News

Waaree acquires 76% stake in Racemosa Energy for Rs 53 crore
By September 29, 2025October 28, 2025

Waaree Energies Limited has announced that its wholly owned subsidiary, Waaree Power Private Limited (WPPL), has signed a definitive share subscription and shareholders’ agreement to acquire a 76 per cent stake in Racemosa Energy (India) Private Limited. The aggregate consideration for the transaction is approximately Rs 53 crore. The company stated that the acquisition, disclosed earlier on September 18, 2025, is subject to the fulfilment of conditions precedent. The deal is expected to close in…

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News | Finance | India

Waaree Power to acquire 76% stake in Racemosa Energy
By September 24, 2025October 28, 2025

Waaree Power Private Limited, a subsidiary of Waaree Energies Limited, has approved the acquisition of a 76 per cent equity stake in Racemosa Energy (India) Private Limited. The deal is subject to definitive agreements, regulatory clearances, and standard closing conditions. Racemosa Energy, incorporated in 2018 in Maharashtra, manufactures smart meters. Waaree Energies stated that the acquisition will help integrate smart metering into its portfolio and broaden its presence across the energy value chain beyond solar…

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News | India | Renewable Energy

ACME Solar ends acquisition agreement for AK Renewable Infra
By September 15, 2025October 28, 2025

ACME Solar Holdings Limited has announced the termination of its planned acquisition of AK Renewable Infra Private Limited. In a regulatory filing on September 14, 2025, the company stated that the share purchase agreement signed on September 5, 2025, with the target company and its existing shareholders has been cancelled. The decision was reached after mutual discussions between the parties. The agreement was formally terminated on September 13, 2025, in line with the provisions of…

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India | News

Adani Power acquires Reliance’s Butibori thermal project
By July 10, 2025July 10, 2025

Adani Power Limited (APL) has completed the acquisition of Vidarbha Industries Power Limited (VIPL) for an estimated Rs 40 billion. The deal, finalised on July 7, 2025, gives APL ownership of the Butibori Thermal Power Project in Nagpur district, Maharashtra. VIPL was a wholly owned subsidiary of Reliance Power Limited (RPL). It had developed the Butibori project with an investment of Rs 36.33 billion. The project consists of two thermal units of 300 MW each,…

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India | News

JSW Neo acquires 4.7 GW renewable energy platform from O2 Power
By April 11, 2025April 11, 2025

JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has acquired a 4.7 GW renewable energy platform from O2 Power Pooling Pte Limited. O2 Power is a joint venture between global investors EQT and Temasek. The acquisition, valued at Rs 124.68 billion, includes a mix of operational and under-construction renewable assets. Of the total capacity, 2,259 MW is expected to become operational by June 2025. Once commissioned, this portion is projected to…

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Global | News

Virginia Transformer explores sale valued at over $6 billion
By January 13, 2025January 13, 2025

Virginia Transformer is exploring a potential sale that could value the company at more than $6 billion, according to Bloomberg sources. The company, led by CEO Prabhat K Jain, is one of North America’s largest US-owned power transformer manufacturers. The company is working with an adviser to assess buyer interest, although there is no guarantee that a sale will occur. Founded in the 1970s, Virginia Transformer manufactures essential products for sectors such as steel mills…

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