Month : February 2018

Total consideration value is estimated at Rs 18,800 crore. The transaction is expected to be completed by March 2018. RInfra will utilise the proceeds of this transformative transaction entirely to reduce its debt. February 12, 2018 Reliance Infrastructure (RInfra) today said the Competition Commission of India (CCI) has approved sale......

Denmark-based BE CableCon is an expert supplier of cable kits to Europe’s most important wind turbine companies. January 11, 2018 By 2040, renewable energy sources will account for almost three quarters of the $10.2 trillion global investment in new power generating technology. To accelerate its growth in this highly promising......

A total of 38,140,754 shares were voted in favor of the merger. This total represents about 75.34% of the total number of common stock shares outstanding and approximately 99% of the total votes cast. February 19, 2018 General Cable Corp. said the voting results from the company’s stockholders meeting are......

The interest in the distribution utility with an annual revenue of around Rs 3,200 crore comes against the backdrop of the govt.’s power sector reform measures January 24, 2018 At least four companies—Tata Power, Adani Group, Torrent Power and Greenko Group—have shown interest in acquiring Central Electricity Supply Utility of......

L&T’s power business has also secured another order from Power Grid Corporation of India Limited for rural electrification works in Jammu & Kashmir. February 19, 2019 The business has secured an order for constructing 220kV & 110kV Transmission Lines in Kochi, Kerala. Advanced Multi-Circuit Multi-Voltage narrow based towers will be......

Linking Newfoundland and Labrador to Nova Scotia and other energy markets in Canada and the American Northeast, the Maritime Link will transport up to 500 MW of renewable energy to the region. January 18, 2017 With its sustainable development strategy and diverse natural resources, Canada is today the 4th leading......

According to management, these acquisitions would increase IndiGrid portfolio IRR to 11%, based on the current price and will enable a Distribution per Unit of around Rs. 12 for the next five years. February 20, 2018 IndiGrid has completed the acquisition of three transmission assets from its Sponsor – Sterlite......

The State government will soon have Cloud Economic Zones (CEZs) to give major push to the fast-growing Information Technology sector on the lines of the Special Economic Zones (SEZs). January 19, 2018 The CEZs will make the Indian IT firms, especially those in the data management and the Internet of......

In a recent move, a string of incentives were announced to make Angul-based Aluminum Park globally competitive. January 13, 2018 The aluminium park is being developed jointly by Nalco and state owned Odisha Industrial infrastructure Development Corporation (Idco). The park, spread over 240 acres is located close to Nalco’s aluminium......