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Waaree Energies has signed a deal to acquire Enel Green Power India for up to Rs 792 crore, gaining control of 640 MW of operational and development-stage solar and wind projects. This acquisition will enhance Waaree’s capabilities in the renewable energy sector and accelerate its growth as an Independent Power Producer in India.
Tata Power has completed the acquisition of Paradeep Transmission Ltd. for Rs 18.64 crore, gaining full ownership of the transmission company. This move is part of Tata Power's strategy to expand its transmission network and enhance grid connectivity across India, supporting the growing demand for reliable energy, especially in renewable energy integration.
JSW Energy has successfully acquired KSK Mahanadi Power by outbidding Adani Power with a Rs 15,985 crore offer. This strategic move enhances JSW's position in the energy sector and promises significant financial recoveries for creditors. Dive into the details of this impactful acquisition and its implications for the future of India's power market.
Suzlon Energy has finalized its acquisition of a 51% stake in Renom Energy Services for Rs 400 crore, marking a significant expansion in its renewable energy portfolio. This strategic move not only enhances Suzlon’s operational capabilities in wind and solar O&M services but also positions it to target over 32 GW of non-Suzlon wind assets. Explore the implications of this deal, Suzlon’s recent stock performance, and how it aligns with the company’s long-term growth strategy.