MoneyWorks4Me

India Power Corporation concludes acquisition of Meenakshi Energy

17 Nov 2016 Evaluate

India Power Corporation (formerly DPSC) has concluded acquisition of Meenakshi Energy, a coal-fired power plant located in Andhra Pradesh.  The acquisition has been done by transferring Rs 2,800 crore of Meenakshi’s debt into its own accounts and buying out Rs 3,800 crore of equity at $1.

Meenakshi Energy, owned by French company ENGIE, has one 300 MW plant operational and another 700 MW would become operational later.

India Power, formerly DPSC, distributes power in the regions of Asansol-Durgapur and Gaya-Bodh Gaya.



Peers
Company Name CMP
NTPC 336.90
Tata Power 381.50
Power Grid Corpn. 266.05
Adani Power 203.90
Torrent Power 1313.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: