Tata Power gets letter of intent to acquire SPV in Odisha

06 Aug 2024 CW Team

Tata Power Company announced that it has received a Letter of Intent from PFC Consulting, a wholly-owned subsidiary of Power Finance Corporation, regarding the acquisition of a project-specific special-purpose vehicle. In a regulatory filing, the company stated that PFC Consulting has expressed its intention to transfer Paradeep Transmission Ltd, a special purpose vehicle (SPV), to Tata Power. The SPV will be developed on a build, own, operate, and transfer basis, with the aim of providing transmission services for 35 years from the scheduled date of commercial operation. Tata Power clarified that the commercial operation date would be effective 24 months from the acquisition of the SPV.

The project involves the construction of a 190 km 765 kV double circuit transmission line, featuring 2 x 1,500 MVA transformers, connecting the existing Angul substation to a new substation at Paradeep, Odisha, along with other related project work.

Resources

20 May 2025

Blum India brings Design Reverie to Hyderabad

Blum India hosted the Hyderabad edition of its signature event, Design Reverie, at the historic Taj Falaknuma Palace, making it a memorable evening for the city鈥檚 architecture and interior design community. As per news reports, the event combined modern design sensibilities with the grandeur of a palace setting and the spiritual charm of Sufi qawwali.This marked the third edition of the event, after previous gatherings in Delhi and Bangalore. In Hyderabad, the focus was on fostering relaxed yet meaningful dialogue among design professionals鈥攁way from the typical conference setup. The eveni..

Resources

20 May 2025

Hafele launches Platinum Studio in Nagpur

Hafele has expanded its franchise footprint in central India by opening a new Studio Partner Platinum showroom in Nagpur in collaboration with Onkar Furnitech. The studio was inaugurated by Nitin Gadkari, Minister of Road Transport and Highways, along with Padma Gupta, Director 鈥� HR & Customer Experience, Hafele South Asia.Located at Sarthak Plaza, South Ambazari Road, Laxmi Nagar, the showroom offers an immersive experience of Hafele鈥檚 wide-ranging interior and home solutions. Designed as a hands-on, real-life application space, the studio showcases Hafele鈥檚 full portfolio鈥攊ncludi..

Resources

20 May 2025

Truflo by Hindware wins GPTW honour again

Truflo by Hindware has been certified a Great Place to Work for the fourth consecutive year, reaffirming its commitment to a people-first culture. The certification was awarded by the Great Place to Work Institute following a rigorous evaluation of employee experience, leadership, culture, and HR practices.Known as India鈥檚 fastest-growing plastic pipes and fittings company, Truflo has focused on fostering an inclusive, innovative, and growth-driven work environment. The company prioritises employee well-being and professional development, creating a culture where people feel valued and empow..