Tata Power & Tata Steel honoured

Premier, SAS Form JV for Solar Wafer Plant in India
Premier Energies Ltd, a leading Indian solar cell and module manufacturer, has entered into a 74:26 joint venture with Taiwan-based Sino-American Silicon Products Inc. (SAS), the parent firm of GlobalWafers—currently the world’s third-largest producer of semiconductor silicon wafers.The new joint venture will set up a cutting-edge manufacturing facility in India with a capacity of 2 gigawatts (GW) per annum. The plant will focus on slicing polysilicon ingots into silicon wafers, which will then be used in the production of photovoltaic (PV) cells and modules.The collaboration combines Prem..

Waaree To Acquire Kamath Transformers for Rs 2.93 Bn
Waaree Energies announced on Monday that its board has approved the acquisition of Kamath Transformers Pvt. Ltd. for approximately Rs 2.93 billion. Kamath Transformers is engaged in the manufacturing of electrical transformers.In a stock exchange filing, Waaree Energies stated that the acquisition is part of its broader business expansion strategy aimed at strengthening its presence in the power equipment sector.Additionally, the board approved the acquisition of Green New Delhi Forever Energy Pvt. Ltd. by Waaree Forever Energies Pvt. Ltd., a wholly-owned subsidiary of Waaree Energies. The acq..

TPG, Mavco Seek CCI Nod for Siemens Wind Biz Deal
A consortium led by US private equity firm TPG, Mavco Investments, and former JSW Energy CEO Prashant Jain has filed for approval with the Competition Commission of India (CCI) to acquire the onshore wind business of Siemens Gamesa Renewable Power.The acquisition will be carried out through TPG’s affiliates—Peony Properties Pvt Ltd and TPG REGen SG Pte—alongside Mavco Investments, a Murugappa family-owned firm.According to the notice submitted to the CCI on 15 May, the deal covers Siemens Gamesa’s business operations related to the manufacturing and assembly of onshore wind turbine gen..