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Brookfield-backed Avaada Electro has filed a DRHP with SEBI for a Rs 9,000-10,000 crore IPO. The solar manufacturing firm plans to expand high-efficiency TOPCon module and cell capacity across Uttar Pradesh and Maharashtra, positioning India as a global leader in domestic solar manufacturing. Avaada Electro Private Ltd, the solar manufacturing subsidiary of the Brookfield-backed Avaada Group, has confidentially filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board o ...Read More >
Nagpur, Sept 29 (PTI) Tushar Gandhi, the great-grandson of Mahatma Gandhi, on Monday embarked on 'Samvidhan Satyagraha' foot march from Deekshabhoomi in Nagpur. "This yatra reflects outrage among the public. We want to protect the Constitution and fundamental rights of people", he said. He is joined by members of civil society, leaders, and workers of the Congress party. The foot march will culminate at the Sevagram Ashram of Mahatma Gandhi in Wardha on October 2. Maharashtra Congress presid ...Read More >
India's Adani Power Limited (APL) has signed a 25-year power supply agreement (PSA) with Bihar State Power Generation Company Limited (BSPGCL) to supply 2.4GW of power. This power will be sourced from a greenfield 'ultra super critical' plant to be established at Pirpainti in the Indian state of Bihar. The agreement follows a letter of award issued by BSPGCL to Adani Power last month, on behalf of both North Bihar Power Distribution Company Limited and South Bihar Power Distribution Company Li ...Read More >
In a recent June report, Motley Fool researchers identified Caterpillar (NYSE: CAT) as one of the three largest (specifically, the third largest) industrial stocks by market capitalization in the U.S. Valued at $162 billion last month, the stock now costs more than $192 billion. Caterpillar generates more than $63 billion in sales annually, and turns $22.5 billion of this into gross profit. On the bottom line, Caterpillar earned net profit of $9.9 billion over the last 12 months, and the compan ...Read More >
New Delhi: In a major development, the shares of Adani Power rose nearly 3 percent in opening trade on Tuesday. This comes after Adani Group's power arm managed to successfully complete the acquisition and implementation of the resolution plan of Vidarbha Industries Power Ltd (VIPL). According to the company, the acquisition was completed for Rs 4000 crore. It is important to note that the acquired asset, a 2×300 MW domestic coal-based power plant, is located in Butibori, Nagpur district, Mahara ...Read More >
New Delhi: Adani Power Ltd on Tuesday announced the completion of its acquisition of the 600-megawatt (MW) Vidarbha Industries Power Ltd through the insolvency route for an aggregate consideration of Rs4,000 crore. On June 18, 2025, the Mumbai Bench of the National Company Law Tribunal (NCLT) approved its resolution plan for Vidarbha Industries Power Ltd (VIPL), Adani Power Ltd (APL) said in a statement. SB Khyalia, Chief Executive Officer, Adani Power Ltd, said: "As we continue expanding our ...Read More >
Hyderabad: The legacy of Sardar Hari Singh Nalwa, who once stopped the Afghan forces at the Khyber Pass, is not merely history but a living inheritance, said Dr A. Tajinder Pal Singh Nalwa, his descendant. "If we could protect India from invasions then, we must now protect our children's minds from disintegration." Dr Nalwa was speaking to Sikh educators, community members, students, and lawyers at a seminar hosted by the Sikh Education Society at Guru Nanak High School Lecture Hall. Presided ...Read More >
Nagpur: Adani Power has finally taken over Anil Ambani-led Reliance Group's power plant at Butibori for Rs4,000 crore. The acquisition was formally completed on Tuesday. Originally built for captive supply of cheap power to industries in Butibori and nearby areas, the power plant ended up catering to Mumbai before it ran into trouble.Reliance company, Vidarbha Industries Power Limited (VIPL), had set up a 600MW (2 units of 300 MW) capacity generation plant at Butibori over a decade ago. The plan ...Read More >
NEW DELHI: Adani Power Ltd. (APL) on Tuesday announced successfully completing the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for a total consideration of ₹4,000 crore. VIPL operates a 2×300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra. VIPL was undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). The company, in a press note said that on June 18, 2025, t ...Read More >
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