EnergyMarket hours
Megha Engineering acquires TAQA Neyveli Power Company
market hours1 source ↓written by the desknot a recommendation
- 100% acquisition
- lignite-fired thermal power
- 250 MW
Cyril Amarchand Mangaldas advised Megha Engineering and its subsidiary MEIL Energy on the 100% acquisition of TAQA Neyveli Power Company, which operates a 250 MW lignite-fired thermal power project in Tamil Nadu. This acquisition from TAQA enhances MEIL's energy portfolio and may strengthen its market position.
• Transaction led by Ramanuj Kumar and Aiswarja Mohanty.
• Tax advisory provided by SR Patnaik and team.
Not investment advice. For informational purposes only.