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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鈥檚 affiliates鈥擯eony Properties Pvt Ltd and TPG REGen SG Pte鈥攁longside Mavco Investments, a Murugappa family-owned firm.According to the notice submitted to the CCI on 15 May, the deal covers Siemens Gamesa鈥檚 business operations related to the manufacturing and assembly of onshore wind turbine gen..

Petronet LNG Q4 Profit Jumps to Rs 10.7 Bn
Petronet LNG reported a 45 per cent year-on-year rise in standalone net profit for the fourth quarter of financial year 2024鈥�25 (Q4 FY25), reaching Rs 10.7 billion, compared to Rs 7.37 billion in the same period last year.Sequentially, profit rose by 23.4 per cent, driven largely by the reversal of an impairment charge amounting to Rs 2.34 billion during the quarter.However, revenue from operations fell to Rs 123.15 billion, down from Rs 137.93 billion in Q4 FY24.The company鈥檚 board has recommended a final dividend of Rs 3 per share.In terms of operations, Petronet鈥檚 Dahej terminal proce..