Canada Pension Plan Investment Board (CPPIB) is in the process of acquiring stake in Indian renewable energy firm ReNew Power Ventures Pvt Ltd in two tranches.
While Adani Transmission has acquired transmission assets of WRSS Schemes of Reliance Infrastructure Ltd for Rs 1,000 crore, Allianz Group-Shapoorji Pallonji’s joint platform has identified three assets for investments.
Schneider Electric SE, a French multinational specializing in energy management and automation, has emerged as the top bidder to acquire engineering company Larsen and Toubro Ltd’s (L&T’s) electric and automation division, two people familiar with the development said.
Group is exploring the acquisition of Gati Infrastructure Pvt. Ltd’s (GIPL) 110 megawatt (MW) Chuzachen hydro-electric project in east Sikkim, two people aware of the development said.
French energy firm Engie SA and Dubai’s private equity firm Abraaj Group on Wednesday announced a partnership to build a wind power platform in India.
JSW Group is in talks with China’s Zhejiang Geely Holding Group Co. for a partnership to make electric vehicles (EVs).
Acme Group and Inox Group that bid the country’s lowest solar and wind tariffs respectively this year now plan to exit the projects, said several people aware of the development.
India will be the largest borrower for Asian Infrastructure Investment Bank (AIIB), a top official of the Beijing-based multilateral bank said.
Gujarat State Petroleum Corp. Ltd (GSPC) has revived its plan to sell stakes in 20 of its onshore oil and gas blocks, two people aware of the development said.
Attracted by India’s solar energy potential, French energy company Engie is in talks with the country’s largest roof manufacturer Everest Industries Ltd for a partnership for solar-ready roofs, said several people aware of the development.