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:
KEC International Secures First Data Centre Line Order in ₹1.18 Billion Wins
Railway Minister Vaishnaw Unveils Eight New Freight Reforms
REC, CPRI Partner to Boost Quality Assurance under RDSS
HPCL Strengthens Ethanol Quality Checks with 3,651 Surprise Inspections
India’s Drone Challenge 2.0 Empowers Students to Build Smarter Drones on Indigenous Chips
GIFT City Units Freed from Coastal Shipping Licence, Boosting India’s Maritime Finance Hub
REC Commits ₹150 Billion to Power and Renewable Push in Tripura
As India’s GCCs Shift from Cost to Capability Leadership, Sitharaman Charts Next Decade of Growth
DFCCIL Advances East-West Freight Corridor with Stakeholder Push on Financing and Construction
GMR Charts Multi‑Phase Roadmap to Transform Nagpur Airport into India’s Heartland Hub
Kamarajar Port Joins Visakhapatnam as India’s Second 18‑Metre Deep‑Draft Port
El Niño Cuts 13 aGW Hydropower Across Asia, Forcing Coal and LNG Reliance
CUMI Named Armour Partner for DRDO’s Indigenous Vikram VT21 Combat Vehicles
CleanMax Achieves Record 530 MW Commissioning in Q1 FY2027, Expands Portfolio to 4.2 GW
POWERGRID Secures Landmark ¥80 Billion JBIC Green Loan for Clean Energy Push
Vikram Solar Rolls Out First Module at Tamil Nadu Mega‑Facility
AI‑Driven Governance for Capital Projects
India Needs a Comprehensive Approach to Data Sovereignty and Resilience: AS Kiran Kumar
Why India’s Logistics Costs Will Not Fall Through Infrastructure Alone
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.