Tata Power has agreed to buy the entire stake in Ideal Energy Projects Ltd (IEPL) for an undisclosed amount. IEPL owns a 540-MW coal-based thermal power project near Bela village in Nagpur, Maharashtra, of which 270 MW was commissioned in May 2013. Going by the average of the recent acquisitions in the power sector, the deal size could be upwards of Rs. 2,700 crore. The Adani Group had acquired Lanco´s 1,200-MW Udupi power plant for about Rs 6,000 crore in August and Avantha Power-´s 600-MW project in Chhattisgarh for Rs 4,200 crore.
FlashNews:
NHAI Launches Internship Programme to Build Highway Talent Nationwide
Powerplay Rolls Out Procurement-Linked Credit to Unlock Contractor Cash Flows
IREDA Earns ‘Excellent’ MoU Rating for Fifth Year, Cementing Role in Clean Energy Financing
Inox Clean Energy Secures ₹31 Billion Equity at ₹500 Billion Valuation
Centre’s ₹2.35 Billion Port Push in Tamil Nadu, Sonowal Flags Maritime-Led Growth
Indian Railways to Roll Out 52 Reforms in 52 Weeks; Targets Single-Digit Accidents by FY2027
India Stays the Course as Combative Trump Exits International Solar Alliance
Energy Security, Investment and Decarbonisation to Take Centrestage at India Energy Week 2026
PM Modi Hails HPCL’s World-First LC-Max Residue Unit at Visakh Refinery
NHAI Urges DoT and TRAI to Fix Mobile Connectivity Gaps on National Highways
With Joshi at the Wheel, Gadkari Joins Hydrogen Car Drive to Signal India’s Clean Mobility Push
ONGC Partners MOL to Launch Ethane Shipping, Strengthening Energy Logistics and Maritime Presence
DFCCIL Uses GPS to Bust ERC Theft in Ambala, Averts Rail Mishap
Bhogapuram Airport Nears Completion as GMR Conducts Successful Validation Flight
Power Minister Manohar Lal Reviews Strategic Hydropower Projects in J&K
Inox Clean Energy Acquires 300 MWp SunSource Portfolio to Power Growth
Accelerating Sustainable Energy Sector Growth with the Power of AI
Advantage Assam: Trust, Governance and Growth Under Prime Minister Modi
Near Western Dedicated Freight Corridor Completion, DFCCIL Chief Inspects JNPA‑Vaitarna Stretch
Home » Tata Power buys Ideal´s 540 MW plant in Nagpur
Tata Power buys Ideal´s 540 MW plant in Nagpur
Power & New and Renewable Energy
January 1, 2015January 1, 2015
Leave a Reply
You must be logged in to post a comment.