The potential investments, which have not been previously reported, could cumulatively cost billions of dollars and demonstrate renewed appetite in an industry seen by many as financially unattractive
Many analysts though are bearish due to state-owned firm's muted financials and likely low valuation
Deal will bolster Adani's presence in central India, help it achieve its 20,000 circuit km target before time
The country's largest power producer in the private sector, Adani Power Limited (APL), will acquire the 1,200 megawatt (MW) Essar Power's Mahan Project
It will now sign supplemental PPAs with these units on a "case-by-case basis" over and above the existing PPAs.
From IT companies facing problems in hiring fresh candidates, Voda defaulting on June payments, TCS reporting fall in net profits, here are the top headlines on Friday morning
Maharashtra is one of the five states that procure power from Tata Power's Mundra ultra mega power plant in Gujarat.
Barring a few, all privately-owned thermal power units, roughly about 40,000 Mw, constructed over the past decade were built using Chinese equipment.
Essar Ports invested Rs 11,000 crore in developing terminals and is currently operating four terminals
Top court refuses to interfere with govt decision to invoke the Rs 200 cr bank guarantee during currency of hearing
The Rs 900-cr bank guarantees are for the two blocks of GMR and one of Essar
However, being the guarantor for its subsidiary, Essar Power, too, defaulted on its guarantee.
This would be the second time ArcelorMittal and the Essar group will find themselves competing for the latter's asset
The project is one of the projects which is incomplete and has been tagged 'difficult to resolve' by the Centre
The project will provide direct employment to about 250 people, and indirect employment to around 1,250 more, thus spurring ancillary development in the area
Workmen and employees of Essar Power Jharkhand have filed claims worth Rs 3.52 million with the resolution professional
This will hit its 1,200-MW, Rs 80-bn Mahan Power Plant; trouble started after the company defaulted on two of three instalments
Interview with KVB Reddy, chief executive officer, Essar Power
Interview with KVB Reddy, CEO, Essar Power
80% of Essar's planned capacity of 6,100 Mw is operational with 8 out of 9 plants up and running