Company Overview of Avantha Power & Infrastructure Limited
Avantha Power & Infrastructure Limited produces thermal power. Avantha Power & Infrastructure was formerly known as BILT Power Limited. The company was incorporated in 2005 and is based in India. Avantha Power & Infrastructure Limited operates as a subsidiary of Avantha Group.
Centrum Plaza 2nd Floor
Golf Course Road Sector 53
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 2014.
Avantha Power & Infrastructure Limited Key Developments
NTPC Mulls Acquisition of Jhabua Power And Jamshedpur Project
Jan 30 15
NTPC Ltd. (BSE:532555) seeks to acquire Jhabua Power Limited from Avantha Power & Infrastructure Limited and 540 Mega Watt Jamshedpur project in Jharkhand from Adhunik Power and Natural Resources Limited. NTPC may announce its acquisition plans before the financial year, ending on March 31, 2015. NTPC has cash reserves of around INR 168.68 billion of which INR 100 billion has been set aside for acquisitions. KPMG Corporate Finance India has been given the acquisition mandate by NTPC. An NTPC spokesperson declined to comment and Avantha Group spokesperson said in an emailed response that it does not comment on market rumours. The spokespersons of Adhunik Group and KPMG have not answered the queries sent to them.
NTPC To Reportedly Invest In Projects Of GVK, Essar And Avantha
Jan 30 15
NTPC Ltd. (BSE:532555) has shortlisted power plants of GVK Power and Infrastructure Limited (BSE:532708), Essar Oil Ltd. (BSE:500134) and Avantha Power & Infrastructure Limited out of 32 proposals it received from private electricity producers eager to sell stakes to NTPC, which is willing to invest as much as INR 100 billion to acquire minority interest in stranded projects. The power producer had also shown interest in and seriously appraised debt-laden power and infrastructure major Lanco Infratech Limited (BSE:532778) coal based power plants, industry sources said. But it has now rejected them. "The shortlisting procedure is on its last leg and some finality can be expected soon as NTPC has now shortlisted GVK, Essar and Avantha's thermal power assets and is seriously appraising these projects," said an industry executive with direct knowledge of the development.
Tata And ICICI In Talks To Acquire Jhabua From Avantha
Nov 24 14
Avantha Power & Infrastructure Limited (Avantha Power) is in discussions to sell Jhabua Power Ltd. to The Tata Power Company Limited (BSE:500400) and ICICI Venture. "Avantha Power is also in serious discussions with the consortium of Tata Power and ICICI Venture for its second half--Jhabua Power that is implementing 1,260 MW thermal capacity in two phases of 600MW and 660 MW in Madhya Pradesh," said the first person familiar with development told Economic Times (ET). "The deal with Tata Power-ICICI Venture is likely to take a couple of weeks and would also be in the range of about Rs 4,000 crore." ET first reported this on November 4, 2014. Avantha Group spokesperson didn't respond to queries, Economic Times reported. "From the entire proceeds that will accrue from divestment from Korba and Jhabua, Avantha Power will repay about Rs 1,000 crore to the PE fund against its investment of $125 million," said the second person familiar with the development.
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