1. American power major AES Corp plans to list its local subsidiary in India in the next three to four years and raise debt from the local market to fund its ambitious $15-billion plan to expand its capacity to 10,000 megawatt (MW) in the country.
2. US Exim Bank will offer loans up to $5 billion to Reliance Power, to help the Indian company purchase US goods and services for various power plants.
3. The world’s largest coal producer Coal India has placed a bid for Colombian assets of US-based Drummond Co, as the PSU looks to buyout mines overseas as part of its global acquisition plan.
4. Thermax, Pune, India has acquired Danstoker A/S, Denmark, a leading European boiler manufacturer and its German subsidiary, Omnical Kessel (Germany). The acquisition is valued at euro 29.5 million.
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