Tata Power Company, NTPC and Ceigall India to see some action today

Tata Power Company has signed the Share Purchase Agreement (SPA) and acquired 100% equity stake in Jejuri Hinjewadi Power Transmission (JHPTL), a project special purpose vehicle (SPV) to establish and operate Build-Own-Operate-Transfer basis for providing transmission service. Cost of acquisition is Rs 2.42 crore. The acquisition process is completed on January 9, 2026. 

NTPC and Maharashtra State Power Generation Company (MAHAGENCO) have signed a Shareholder Agreement (SHA) on January 9, 2026 in Delhi in connection with acquisition of Sinnar Thermal Power (STPL), a company which is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code 2016 (IBC). The Resolution Plan submitted by the Consortium of MAHAGENCO and NTPC has been approved by the National Company Law Tribunal, Delhi, on November 28, 2025. 

Ceigall India has entered into Share Purchase Agreement (SPA) with REC Power Development and Consultancy for acquiring 100% equity shares of Velgaon Power Transmission (VPTL). After this acquisition VPTL has become wholly owned subsidiary of Ceigall India. The cost of acquisition is Rs 1.88 crore. 

Websol Energy System has received approval from the Government of Andhra Pradesh, through its Industries & Commerce Department, for its proposed greenfield 4 GW solar cell and solar module project. The manufacturing facility is located at MPSEZ, Naidupeta, Tirupati district in Andhra Pradesh. This approval follows the Memorandum of Understanding signed with the Andhra Pradesh Economic Development Board (APEDB) on November 15, 2025. As part of the manufacturing facility, Websol is planning to develop a 100 MW captive solar power plant as well. 

Avenue Supermarts has raised Rs 100 crore through allotment of Commercial Paper. The Commercial Paper has a tenure of 80 days and a coupon rate of 6%. Further, the Commercial Paper has a credit rating of ICRA A1+. 

BCPL Railway Infrastructure has bagged an order for 25KV Overhead Electrification work at Sealdah Division of Eastern Railway. The letter of acceptance has been received for the work of 25KV OHE and allied electrical works in connection with Removal of In between Track OHE Masts over Sealdah Division of Eastern Railway. The total project cost comprises of Rs 8.66 crore and it is expected to be executed over a period of 12 months.

NIIT Learning Systems (NIIT MTS) has acquired 100% equity stake of SweetRush, Inc. (SweetRush), a leader in AI-enabled custom learning experience design and strategic training interventions for Fortune 1000 enterprises, professional associations and not-for-profit organizations. The acquisition has been completed through NIIT MTS’ wholly owned subsidiary, NIIT (USA), Inc., for an aggregate consideration of up to $26 million, including annual performance-based earnouts over the next five years, subject to certain customary adjustments in accordance with the definitive agreements.