The Union Ministry of Corporate Affairs (MCA) has issued its final order approving the composite scheme of amalgamation and arrangement involving key energy entities of the Gujarat State Petroleum Corporation (GSPC) group. The restructuring entails the amalgamation of Gujarat State Petroleum Corporation (GSPC), Gujarat State Petronet Limited (GSPL), and GSPC Energy Limited (GEL) into Gujarat Gas Limited (GGL). Simultaneously, the scheme provides for the demerger of the gas transmission business undertaking from GGL into a newly incorporated entity, GSPL Transmission Limited (GTL).
Adani group expands into nuclear energy space
Adani Atomic Energy Limited (AAEL), a subsidiary of Adani Power, has incorporated a new step-down entity, Coastal-Maha Atomic Energy Limited (CMAEL). The new subsidiary, with an authorised capital of ₹5,00,000, will focus on nuclear and atomic energy generation, transmission, and distribution. This move signifies Adani Power’s strategic diversification into the burgeoning nuclear energy sector, following policy shifts that opened the domain to private players.
BHEL withdraws from Anuppur thermal project deal
Bharat Heavy Electricals Limited (BHEL), India’s largest power generation equipment manufacturer, has officially withdrawn its acceptance of the Letter of Intent (LOI) previously issued by MB Power (Madhya Pradesh) Limited. The LOI pertained to the supply of critical power equipment, including the Boiler, Turbine, and Generator (BTG) packages, for the 1x800 MW Anuppur Thermal Power Project. The initial acceptance of the LOI was recorded on September 3, 2025. According to the disclosure, the agreement was subject to the execution of a formal, binding contract within an agreed-upon timeline.
DCI signs major fuel supply pact with IOCL
Dredging Corporation of India Limited (DCI) marked a major milestone by signing a Memorandum of Understanding (MoU) with Indian Oil Corporation (IOCL) for the supply of fuel to its dredging fleet. The agreement, valued at Rs. 2,157.07 crores, is for a five-year period and will ensure a steady, reliable fuel supply for DCI’s operations across the country. This strategic partnership strengthens DCl’s operational preparedness while ensuring continuity in critical maritime infrastructure services.
MCX gets SEBI nod for proposed coal exchange venture
Multi Commodity Exchange of India Limited has received approval from Securities and Exchange Board of India (SEBI) to invest in a proposed Coal Exchange Company. This initiative is set to transform India’s coal ecosystem by moving away from traditional procurement methods toward a transparent, technology-driven digital platform. While the entity is yet to be incorporated, it is expected to be named MCX Coal Exchange Ltd. or MCX Coal Exchange of India Ltd., subject to approval from the Ministry of Corporate Affairs. Ownership Structure: Initially, MCX will hold a 100% stake in the subsidiary. The exchange may seek strategic partners to join the venture at a later stage.
Published on April 20, 2026