Tata Power said that Resurgent Power Ventures has wrapped up the previously announced INR 6,500 crores acquisition of South East UP Power Transmission Company Limited (SEUPPTCL), the holding company for a nearly 1,500km long transmission line. Resurgent Power Ventures is a Singapore-based joint venture between Tata Power and ICICI Venture and other investors. Through its […]
Tata Power said that Resurgent Power Ventures, its Singapore-based joint venture (JV) with an investor group, has been chosen as lender’s nominee to acquire 100% of NRSS XXXVI Transmission Limited (NRSS XXXVI), a northern Indian transmission project. In this connection, PTC India Financial Services has issued a letter of intent (LOI) to Resurgent Power Ventures. […]