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More and more captive power companies and diesel genset manufacturers are getting funded, and probably that's an area to watch since demand-supply mismatch in power is still wide. We had broken the story about Goldman Sachs (and GE Power) investing about $60 million in Sudhir Gensets.
The Economic Times has a follow up today with an additional deal in the space. It says Standard Chartered Private Equity may be picking up 11 per cent in Mumbai-based power equipment company Powerica for about $50 million. The Powerica website claims it's the largest maker of gensets in India. Powerica caters to the Western and southern markets of India, while Sudhir is more focused on North India. ET quotes a Powerica official as saying that the copmany may look at an IPO in next three years. It has a turnover of Rs 1,000 crore.

Related:
Exclusive: Goldman Sachs, GE Power To Invest Close To $60 Million In Sudhir Gensets