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NABHA POWER ACQUISITION
Torrent Power lines up biggest debt sale yet to bankroll coal dealIndia's Torrent Power is set to inaugurate the first acquisition-funded corporate bond sale of the current financial year, in what would be...
Stocks in news: Torrent Power, GAIL, J&K Bank, Ola Electric, Vedanta, InfosysMarkets ended higher for the third consecutive session amidst volatility. Today's trade will focus on ceasefire developments and the MPC me...
CCI okays Torrent Power's proposal to acquire Nabha Power from L&T's armThe Competition Commission of India has approved Torrent Power's acquisition of Nabha Power Ltd. This deal involves Torrent Power acquiring...
Big Four firms raise the bar with top-dollar mandatesIndian branches of major accounting firms are now actively pursuing large M&A deals exceeding $500 million. These firms are leveraging thei...
Torrent Power agrees to acquire Nabha Power from L&TTorrent Power is acquiring Nabha Power from L&T Power Development. This deal marks Torrent Power's entry into the northern Indian power mar...
L&T arm to sell Nabha Power to Torrent Power in ₹3,661 crore dealLarsen & Toubro's subsidiary, L&T Power Development Limited, is selling its entire stake in Nabha Power Limited to Torrent Power. The deal ...
Kolkata floods, Gurugram congestion signal risks for India’s emerging citiesAs India pushes its Viksit Bharat vision, emerging cities like Pune, Ujjain, Bhubaneswar and Greater Noida face lessons from Kolkata and Gu...
Is L&T on track to double revenues by FY25? SN Subrahmanyan answers“The EPC business will continue to grow in the 11-13% range. From Rs 110,000 crore, it will go to Rs 1,90,000-2,00,000 crore by 2026. The m...
L&T's Chief Financial Officer gives a peek into the company's future plans"Going ahead, with the global trust in environmental, social and governance, the nature of investment will change. We might get into altern...
L&T to invest in IT services, divest infra assets to be future ready: CEO SN SubrahmanyanWhile engineering and construction, and IT services will be key growth drivers going ahead, L&T also plans to rollout two digital platforms...
Stock pick of the week: Govt's infrastructure push will be positive for L&TL&T is expected to grow faster in the coming years after the recently announced infrastructure push. The company’s reasonable valuation and...
All the ideas to take infra forward are there, one has to bell the cat: SN Subrahmanyan, L&TPrivate sector will greatly benefit from some of the economic steps the govt has taken.
L&T board okays share buyback at Rs 1,500 apieceThe board okayed buyback of up to 6 crore shares at maximum price of Rs 1,500 per share.
Schneider-Temasek may announce a deal to buy L&T’s electric & automation businessL&T Electrical & Automation is expected to be valued between Rs 13,000 crore to Rs 15,000 crore, which is lower than the earlier estimate. ...
Schneider-Temasek leads race to buy L&T’s electrical Biz for Rs 17,000 croreBoth parties have entered into an exclusivity agreement for bilateral discussions with an aim to close all outstanding matters by this cale...
Schneider, Eaton frontrunners to buy L&T’s electrical businessSchneider has teamed up with Temasek, the Singapore's state investment company for the buyout, while Eaton has re-engaged after their 2011 ...
Companies can’t exit projects after allocation of coal blocksIndustry insiders said presently over 10,000-mw of coalbased power generation capacity do not have PPAs, making them ineligible for supply.
- GSK to invest Rs 270 cr in 3 years: McPherson
GlaxoSmithKline Consumer Healthcare, makers of Horlicks, Boost and Crocin brands, will invest more than Rs 270 crore ($61 million) in its I...
- Reliance Power, Tata, Lanco among 9 cos qualified for Rajpura project
As many as nine power companies, including heavyweights like Reliance Power, Tata Power and Lanco Infratech, have been declared 'qualified ...
- Tatas, RPower submit RFQ for Rajpura Thermal Power Project
Tata Power, Reliance Power and Sterlite are among 13 companies that have submitted request for qualification for the 1,320-MW Rajpura Therm...