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 2015.
Avantha Power & Infrastructure Limited Key Developments
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.
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.
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