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

15 Oct 2025

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..