CCI clears Tanweer Infrastructure's acquisition

13 Dec 2022 CW Team

New Delhi: The Competition Commission of India (CCI) announced on Friday that it has approved Tanweer Infrastructure SAOC's proposed acquisition of Sembcorp Energy India Ltd.

The acquisition has been accepted through the "green channel" procedure, which deems a transaction as approved if it has been informed to the anti-trust regulator and has no risk of having a significant unfavourable effect on competition.

A group led by Oman Investment Corporation SAOC (OIC) and including the Ministry of Defence Pension Fund, Sultanate of Oman, indirectly owns Tanweer Infrastructure.

The competition watchdog announced its approval of the agreement in a statement on CCI's website. The proposed merger entails Tanweer Infrastructure purchasing the entire stock of Sembcorp Energy India Ltd. (SEIL).

As part of its decarbonization efforts, Singapore utility company Sembcorp Industries announced in September that it had sold its whole stake in its India operation to an Omanese consortium for Rs 11,7340 Million.

"In any conceivable relevant market in India, there is no (direct or indirect) horizontal, vertical, or complementary overlap between the activities of Tanweer Infrastructure and SEIL. According to Section 5(a) of the Competition Act of 2002, the proposed combination must be notified to the Competition Commission of India "explained CCI.

In Andhra Pradesh, SEIL, an independent power producer, directly owns and manages coal-fired power plants.

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..