The company‘s capacity will increase to 1800MW in India post JP deal and this transaction is likely to complete later this year, TAQA said.
Rabindra Nath Nayak SBICAP Sec thinks it could mainly be profit booking in Jaiprakash Power Ventures ltd that led the stock price to fall in trade on Monday after it agreed to sell two hydroelectric power plants to TAQA, a consortium led by Abu Dhabi National Energy Co.
Trent | ICRA | HT Media | Gujarat Apollo | HDFC | BHEL | NHPC | IOC | Maruti Suzuki | TVS Motor | Tata Motors | Mahindra and Mahindra | Jaiprakash Power Ventures and ONGC are stocks, which are in the news today.
Post deal, TAQA will own 51 percent, Canada‘s PSP will own 39 percent and IDFC will hold 10 percent in the hydropower units. TAQA will operate both units.