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 Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..