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 Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..