Power sector sees $1.6 bn deals in Jan-May: EY
The Indian power sector saw 17 merger and acquisition deals worth $1.6 billion in the first five months of 2016, said a report by consultancy firm Ernst and Young (EY). In comparison, 15 deals worth $601 million were made during the corresponding period last year. Further, renewable energy accounted for 65% of the total deal volumes recorded this year.