Company Overview of Avantha Power & Infrastructure Limited
Avantha Power & Infrastructure Limited produces and sells power. Avantha Power & Infrastructure was formerly known as BILT Power Limited. The company was incorporated in 2005 and is based in Gurgaon, India with locations in Bhind District, Seoni, and Raigarh, India. Avantha Power & Infrastructure Limited operates as a subsidiary of Avantha Group.
6th & 7th floor
Vatika City Point
Founded in 2005
Key Executives for Avantha Power & Infrastructure Limited
Chief Executive Officer, Managing Director and Director
General Manager of Operations and Maintenance
Head of Electrical Engineering
Compensation as of Fiscal Year 2016.
Avantha Power & Infrastructure Limited Key Developments
CDPQ Reportedly To Join Tata-ICICI JV
Feb 11 16
Caisse de dépôt et placement du Québec, State General Reserve Fund and Kuwait Investment Authority have agreed to team up with The Tata Power Company Limited (BSE:500400) and ICICI Venture Funds Management Company Limited joint venture platform to buy out troubled power assets that have been tripped by high debt, regulatory uncertainties, fuel supply disruptions and low demand, said multiple sources aware of the matter. The documentation is in its final stages and the JV is expected to get formally announced by this month end, save any last minute issues. The capitalisation will also help the platform make the first of a series of acquisitions. The 600 MW Jhabua Power Limited from Avantha Power & Infrastructure Limited for an estimated Rs 4000 - Rs 4500 crore of enterprise valuation (EV), could be the first such acquisition, the sources added.
Adani In Talks With Avantha To Acquire MP Power Project
Jun 17 15
Adani Enterprises Limited (BSE:512599) is in talks with Avantha Power & Infrastructure Limited to acquire MP power project which is a 1,260 MW power plant
Adani Power In Talks To Buy Jhabua Power
Jun 17 15
Adani Power Limited (BSE:533096) is in talks to acquire Jhabua Power Limited, which has 1,260-Mw power project in Madhya Pradesh from Avantha Power & Infrastructure Limited. Avantha Power was believed to be in talks with a consortium of The Tata Power Company Limited (BSE:500400) and ICICI Venture to sell Jhabua Power but now Avantha has sent a proposal to Adani Power for a possible deal, two people aware of the development told Economic Times. "Avantha is keen to close the deal soon and given their relation with the Adanis after the sale of the first project, they have now initiated talks to sell the second projects. But it is still early days," one of them said. Avantha declined to comment. "As a policy, the Avantha Group does not comment on rumours and speculations," Avantha said. Adani Power also declined to comment.
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