DSIJ Mindshare

India Grid Trust, which is India’s first power infrastructure investment trust (InvIT) has informed the bourses that it has completed the acquisition of a 100 per cent stake in two solar assets with the cumulative capacity of 100 MW (AC) from Fotowatio Renewable Ventures (FRV) at an enterprise value of approximately Rs 660 crore. 

Aegis Logistics Limited and Vopak (Netherlands) have decided to join forces in India with an aim to grow together in the LPG, chemicals storage and handling business. The transaction is expected to close by early 2022, subject to customary closing conditions.

Essar Shipping Limited has informed the bourses that two of its handysize vessels, Tvisha and Tuhina, weighing 13,000 DWT, have been engaged in exports of rice from India to Bangladesh as per the recent bilateral trade agreement signed between the two neighboring countries.

Tata Power Company , Limited has won a contract worth Rs 400 crore from Kerala State Electricity Board Limited (KSEBL) to develop 64 MW solar rooftop project for domestic consumers across all districts of Kerala. 

Ducon Infratechnologies Limited has informed the bourses that in a reverse auction conducted for flue gas desulphurisation system (FGD) package for Muzaffarpur Thermal Power Station, Stage – II (2 x 195 MW), Kanti, Bihar by NTPC Limited, where Ducon’s proven wet limestone FGD technology would be deployed, its partner EPC organisation has emerged as the lowest bidder (L-1).