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.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..