Deep Industries' arm raises $20 mn from Tridevi Capital

December 20, 2016 | Bruhadeeswaran R

Ahmedabad-based Deep Industries Ltd has raised private equity funding worth $20 million (around Rs 136 crore) from Tridevi Capital Partners through its subsidiary company Prabha Energy Private Ltd (PEPL), it said in a statement.

Crompton Greaves scraps deal to sell overseas power biz to First Reserve

December 07, 2016 | TEAM VCC

Electrical equipment maker Crompton Greaves Ltd said on Wednesday it has terminated a pact to sell its international power business to US private equity firm First Reserve International Ltd.

Adani to buy Reliance Infrastructure's two transmission assets for $148 mn

December 07, 2016 | PTI

Adani Transmission has entered into a definitive share-purchase pact with Reliance Infrastructure for acquiring power transmission assets of 3,100 circuit km at an enterprise value of Rs 1,000 crore.

Sterlite Power Grid files documents for $390 mn infra investment trust issue

December 05, 2016 | Ankit Doshi

India Grid Trust (IGT), an infrastructure investment trust (InvIT) which owns inter-state power transmission assets, has filed a draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).

Tata Power trims deal value of Indonesia coal mine in revised stake sale pact

November 30, 2016 | TEAM VCC

Tata Power Company Ltd has signed a revised pact to sell its stake in an Indonesian mine and related trading and infrastructure companies at a price nearly a fifth lower than the original deal.

Adani to buy Reliance Infra’s power transmission biz

October 05, 2016 | TEAM VCC

Adani Transmission Ltd has signed a binding term sheet to acquire Reliance Infrastructure Ltd’s (R-Infra) stake in three power transmission projects, which would strengthen its position as a top private player in the business.

Hindustan Powerprojects in talks to sell assets, provide exit to Blackstone

September 12, 2016 | Bruhadeeswaran R

New Delhi-based electrical power developer Hindustan Powerprojects Pvt. Ltd, formerly known as Moser Baer Projects Pvt.

Tata Power, ICICI Venture create $850 mn fund to back power projects

September 10, 2016 | Bruhadeeswaran R

Tata Power Co Ltd and ICICI Venture Funds Management Co Ltd have joined hands to set up a platform that will raise an initial capital of $850 million (Rs 5,650 crore) to invest in power projects.

Exclusive: PE-backed ReNew Power buying two wind power projects

July 28, 2016 | Debjyoti Roy

ReNew Power Ventures Pvt. Ltd, floated by former investment banker and Suzlon COO Sumant Sinha, is acquiring two wind power projects in Andhra Pradesh and Gujarat as it moves beyond the organic growth strategy it has followed thus far.

Exclusive: Azure Power may shelve US listing plan

July 27, 2016 | Rounak Kumar Gunjan

Azure Power Global Ltd may call off its $100 million US listing as planned earlier, said two people aware of the development.

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