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India Power enters into agreement with Engie

26 Feb 2016 Evaluate

India Power Corporation has signed pact with French energy major Engie, to acquire the latter’s 89% stake in Hyderabad-based Meenakshi Energy (MEPL).

MEPL is the thermal power outfit of Meenakshi Group with presence in hydroelectric and biomass-based power generation and other infrastructure sector. MEPL runs a 300 MW coal fired capacity at Krishnapatnam.

India Power Corporation (formerly DPSC) is an integrated energy provider with present operations spread over various states of the country.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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