Jindal Power to Acquire Gujarat-based Bhadreshwar Vidyut

05 Mar 2025 CW Team

Jindal Power is set to acquire Gujarat-based thermal power company Bhadreshwar Vidyut for approximately Rs 5 billion through the corporate insolvency resolution process. The acquisition will strengthen Jindal Power’s presence in Gujarat’s energy sector.

The company recently secured approval from the Committee of Creditors (CoC) and has received the Letter of Intent. The final resolution plan is valued at around Rs 4.70 billion, with Jindal Power planning to finance the acquisition through internal accruals. Additionally, an estimated Rs 250-500 million will be allocated for capital expenditure to enhance the acquired entity’s operations.

Bhadreshwar Vidyut, formerly known as OPGS Power Gujarat, was established as a special-purpose vehicle by the OPG Group. The company operates two coal-based power plants in Kutch, each with a capacity of 150 MW. The project was developed at a total cost of Rs 16.40 billion, with a debt-equity ratio of 75:25.

The company entered insolvency proceedings in October 2022 after lenders rejected a debt restructuring plan. The acquisition by Jindal Power is expected to provide financial stability and operational improvements to the thermal power plants while expanding the company’s footprint in the region.

News source: DeshGujarat

Infrastructure Urban

30 Oct 2025

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..