Energy Business

Billionaire Mukesh Ambani had in August last year announced initial agreements to sell a 20 percent stake in the oil-to-chemical business to the Saudi national oil company. Also, a 49 percent interest in fuel retailing business was sold to UK's BP plc for Rs 7,000 crore.

Malaysian co Tenaga may pick 30% stake in GMR's energy biz

GMR Infrastructure on Monday is likely to announce deal with Malaysian power company Tenaga to sell close to 30 percent stake in its energy business for approximately Rs 2,000 crore, reports CNBC-TV18 quoting sources.

Alstom closes sale of energy business to GE

GE said the final purchase price was 9.7 billion euros, adjusted for proceeds Alstom is reinvestingUSD in joint ventures with GE, changes in the deal structure, price adjustments for remedies, net cash, and currency effects.