Core Insights - The World Bank's International Finance Corp (IFC), Siemens AG, and Fullerton Fund Management are set to acquire at least 49% of Hygenco Green Energies Pvt. Ltd, a green hydrogen manufacturer based in Gurugram, with an equity value of approximately $125 million and an enterprise value of around $250 million [1][2]. Investment Details - IFC plans to invest $50 million in equity, while Siemens AG and Fullerton Fund Management will contribute the remaining $75 million [2]. - The deal is expected to be announced in mid-December, with documentation currently underway [2]. Company Background - Hygenco's co-founders hold a 51% equity share, with the remaining 49% owned by SBICAP Ventures Limited's SVL-SME Fund [3]. - Hygenco aims to invest $2.5 billion over three years to establish green hydrogen projects in India, targeting the development of 10 gigawatts (GW) of production and distribution assets by 2030 [3]. Green Hydrogen Market - Green hydrogen is produced through the electrolysis of water and can be combined with nitrogen to create ammonia, which is used in energy storage and fertilizer manufacturing [4]. - India aims to produce 5 million tonnes (mt) of green hydrogen by 2030, leveraging its landmass and low solar and wind tariffs for cost-effective production [4][9]. Investor Interest - The growing interest in India's green hydrogen sector is highlighted by various global players, including Masdar, AIIB, Macquarie Group, and others, who have signed non-disclosure agreements regarding the transaction [5]. - Siemens AG has previously made significant investments in India, including the acquisition of C&S Electric Limited for €267 million [8]. Policy and Economic Framework - India's government is implementing a green hydrogen policy with a budget of ₹19,744 crore, aimed at promoting renewable energy and reducing fossil fuel imports by ₹1 trillion by 2030 [12]. - The Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme and production-linked incentive schemes are expected to lower the levelized cost of hydrogen (LCOH) significantly by 2030 [10]. Future Projections - India's green energy capacity is currently around 197 GW, with plans to reach 500 GW by 2030 and 1,800 GW by 2047 [13].

Billionaire Gautam Adani’s energy transmission unit is seeking to raise at least $500 million in foreign-currency debt by early next year, according to people familiar with the matter, as the company boosts infrastructure investments.   Adani Energy Solutions Ltd. is exploring multiple fundraising routes — including the so-called Regulation D bonds, a US framework which allows businesses to sell securities privately without going through the full public registration process.The total funds raised could go ...

Indian billionaire Gautam Adani’s energy transmission unit is seeking to raise at least $500 million in foreign-currency debt by early next year as the company boosts infrastructure investments https://t.co/EvSXKvwdsd ...

Energy Storage Development - Gautam Adani is building the world's largest battery energy storage facility in India [1]

Exclusive: Adani Group is planning an investor conference in Singapore later this month as part of a push to bolster confidence among global investors https://t.co/9ABlVpVRTL ...

Billionaire Gautam Adani plans to build a multi-billion dollar battery energy storage system in western India to support his group’s renewable energy ambitions, according to sources https://t.co/mgVDNdhEJt ...

Life Insurance Corp. of India pushed back against a Washington Post report that alleged Indian officials influenced the company to plow money into billionaire Gautam Adani’s businesses https://t.co/x3pxiJaydC ...

Core Insights - The Competition Commission of India (CCI) has approved Vedanta's ₹17,000-crore bid for Jaiprakash Associates Ltd (JAL), setting up a competitive landscape with Adani Group's previously approved ₹12,600-crore bid [1][2] - JAL, despite its liabilities of ₹55,371 crore as of September 2025, is viewed as a highly attractive acquisition target due to its diversified portfolio [1][6] Group 1: Acquisition Context - Six major companies have had their bids approved for JAL, including Vedanta, Adani Group, Jindal Steel & Power Ltd, PNC Infratech, Suraksha Group, and Dalmia Bharat [2] - JAL has received a total of 26 bids, with the final contenders being Vedanta and Adani Group [7] Group 2: JAL's Financial Background - JAL was founded in 1982 and became a significant player in India's infrastructure sector, known for projects like the Yamuna Expressway [4] - The company faced financial difficulties due to over-leveraging and operational challenges, leading to its bankruptcy proceedings initiated by ICICI Bank in 2018 [5][6] Group 3: Strategic Importance of JAL - For conglomerates like Vedanta and Adani, acquiring JAL offers strategic opportunities across various sectors, including cement, infrastructure, and real estate [9][10] - JAL's assets include cement plants, captive power units, limestone mines, and prime real estate, which are critical for expansion in north and central India [10][11] Group 4: Implications for the Insolvency and Bankruptcy Code (IBC) - The competitive bidding for JAL indicates the evolution of the IBC from a creditor recovery tool to a platform for strategic acquisitions [12] - Bidders can leverage discounted valuations and regulatory protections under the IBC framework, reshaping the landscape of corporate control [13][14] Group 5: Next Steps in the Acquisition Process - Following CCI approval, the committee of creditors (CoC) is reviewing bidders' financing plans and will evaluate non-conditional resolution plans over the next few weeks [15] - The final resolution plan is expected to be voted on by the CoC in November, requiring at least 66% approval before submission to the National Company Law Tribunal (NCLT) [16] Group 6: Status of Other Jaypee Group Entities - Other entities within the Jaypee Group are also undergoing insolvency proceedings, with some already acquired, such as Jaypee Infratech Ltd by Suraksha Group [18]

Core Insights - Bharti Airtel has partnered with IBM to enhance its cloud services, responding to the growing demand for cloud computing solutions [1][2] - The collaboration will enable Airtel Cloud customers to utilize IBM's AI-ready servers, particularly benefiting regulated sectors like banking, healthcare, and government [2] - Two new Multizone Regions (MZRs) will be established in Mumbai and Chennai to ensure secure and uninterrupted cloud operations [3] Company Developments - Airtel Cloud was launched by Bharti Airtel's digital unit Xtelify in August, marking a significant step in the company's digital transformation [2] - The partnership with IBM is part of a broader strategy to expand Airtel's cloud offerings and improve service reliability [1][2] Industry Trends - The demand for cloud computing services is on the rise, prompting telecom operators like Bharti Airtel to enhance their service portfolios [1] - IBM is actively expanding its AI capabilities through various partnerships, indicating a trend towards integrating AI in cloud services [4] - Google is also investing heavily in AI infrastructure in India, highlighting the competitive landscape in the cloud and AI sectors [5]

Core Viewpoint - The Competition Commission of India (CCI) has granted in-principle approval for Vedanta's proposal to acquire Jaiprakash Associates Ltd (JAL) during its ongoing insolvency proceedings [1][2][3]. Group 1: Acquisition Details - Vedanta's winning bid for JAL was ₹17,000 crore, translating to a net present value (NPV) of ₹12,505 crore [7][8]. - Other bidders included Jindal Power, PNC Infratech, Adani Group, and Dalmia Bharat, all of which had their proposals cleared by the CCI [1][2]. Group 2: Insolvency Process - JAL entered the corporate insolvency resolution process (CIRP) after defaulting on loan payments, with financial creditors claiming ₹57,185 crore in unpaid dues [9][11]. - The National Asset Reconstruction Company Ltd (NARCL) is the leading claimant after acquiring stressed JAL loans from a consortium of lenders [9]. Group 3: Company Background - JAL has diverse interests, including real estate, cement, power, hotels, and roads, and has major projects like Jaypee Greens and Jaypee International Sports City [12][13]. - The company operates four cement plants in Madhya Pradesh and Uttar Pradesh, although these plants are currently non-operational [13].