Torrent Power Ltd. is in discussions to acquire the thermal power business of Larsen & Toubro Ltd. (L&T) in a deal estimated at around $1 billion, including debt. Both companies are working with financial advisers as part of the ongoing process. The transaction, if completed, would support L&T’s plans to raise funds and reduce debt….
The power ministry is examining the use of battery energy storage systems (BESS) for thermal power plants, according to two government officials cited by Moneycontrol. This will address rising operational costs caused by frequent ramping down of thermal units to accommodate renewable energy. So far, energy storage solutions have been targeted at renewable energy projects,…
Tamil Nadu Power Generation Corporation (TNPGCL) is considering a range of development models, including public-private partnerships (PPP), to restart the delayed 660 MW expansion of the Ennore Thermal Power Station. The Rs 54.21 billion supercritical project has faced repeated delays following the termination of earlier contracts with Lanco Infratech and BGR Energy Systems. To relaunch…
Power Mech Projects Limited has announced two new operations and maintenance (O&M) contracts worth a total of Rs 551.35 crores for thermal power projects in Bihar and Madhya Pradesh, according to a filing with stock exchanges. The first order, valued at Rs 498.39 crores (excluding taxes and GST), has been awarded by SJVN Thermal Private…
India’s investments in thermal electricity generation are projected to double to Rs 2.3 trillion over the next three years through FY 2027–28, according to CRISIL Ratings, reported by The Economic Times. This marks a sharp increase from the Rs 1.15 trillion invested in the previous three fiscal years. The uptick reflects rising power demand and…
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…
KSB Limited has won a contract from Larsen & Toubro Limited (L&T) for supplying 15 sets of main boiler feed pumps along with booster pumps, motors, and accessories. The order, awarded on June 30, 2025, covers two major thermal power projects — Gadarwara Super Thermal Power Project Stage II and Nabinagar Thermal Power Project Stage…
Bharat Heavy Electricals Limited (BHEL) has secured a Letter of Award (LoA) worth Rs 65 billion for supplying Steam Turbine Generator (STG) equipment and supervising erection and commissioning (E&C) for a 4,800 MW thermal power project by Adani Power Limited (APL). The award, issued on June 27, 2025, covers six units of 800 MW each.
Mahanadi Coalfields Limited (MCL) is scaling up its presence in Odisha’s energy sector with a major investment plan of Rs 649 billion. The company aims to diversify beyond coal and enter both renewable and thermal power segments. At the core of this strategy is a 2,100 MW renewable energy expansion in Odisha. This includes 2,000…
The Government of Assam is pushing ahead with a large-scale infrastructure push across thermal, hydro, and green sectors. The Cabinet has cleared the 3,400 MW Dhubri Thermal Power Project and the 900 MW West Karbi Anglong Pumped Storage Project. A new green investment fund has also been approved. The Dhubri project is planned in Chirakuta…