Power Business News

PTC India says considering various options for funding growth of PTC Energy, including getting a suitable strategic investor on board, but there is no deal that is under consideration in this regard

Bajaj Group has hired UBS AG, Edelweiss and IIFL as advisers for the IPO, papers of which will be soon filed with the Sebi

RInfra shareholders have given approval to the sale of integrated Mumbai power business under RelianceEnergy to Adani Transmission Ltd for Rs18,800 crore

With a debt-free balance sheet, RInfra plans to focus on roads and other infrastructure engineering, procurement, construction projects and defence sector

Reliance Infrastructure will use the proceeds from the sale of its Mumbai power assets to repay debt, and post the deal, it will turn debt-free

Essel Infraprojects's move to sell its solar power business comes at a time when solar and wind power tariffs have fallen to record lows

Bajaj Hindusthan Sugar shelves plan to sell its power business to a group firm, even as its lenders have initiated resolution process under S4A to restructure loans

Analysts expect power utility CESC to be carved up into multiple entities

Analysts expect Spencer's, now a business unit within CESC, to raise cash on its own strength soon after it is carved out

Merger of the wind power businesses of Orient Green Power and IL&FS may come unstuck over payment on LTCG tax on share sale where STT hasn't been paid