Jindal Power Challenges Adani, Eyes Coal Power Plant Acquisition

22 Jan 2024 CW Team

In a strategic move within the energy sector, Jindal Power Limited (JPL) has thrown down the gauntlet, proposing a substantial bid to surpass Adani's offer for a beleaguered coal power plant. As reported by The Economic Times, JPL has officially submitted a petition to the Amaravati bench, signaling its intent to acquire the troubled power producer. This bold maneuver positions Jindal Power as a formidable contender in the ongoing competition for the acquisition. The distressed power plant in question has been a focal point of industry attention, with JPL actively seeking an advantageous position in this potential business venture. The company's proposal includes a noteworthy financial commitment, marked by a substantial Rs 100 crore bank guarantee. This not only underscores Jindal Power's financial robustness but also highlights its determination to secure the coveted acquisition. This bid holds significant implications for the energy landscape, potentially reshaping the dynamics of power production. Jindal Power's aggressive stance signifies a calculated move to expand its influence and strengthen its foothold in the ever-evolving energy sector. As the bidding war unfolds, industry observers keenly await the outcome, anticipating a transformative shift in the hierarchy of power players.

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..