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ADHUNIK POWER
Edelweiss ARC exits Adhunik as Davidson Kempner takes controlEdelweiss, which had acquired Adhunik via the insolvency resolution route, had been gradually monetising its exposure through asset sales a...- Adhunik Power in talks to refinance Rs 1,500 crore debtThe company is looking to refinance debt at around 18%, down from the earlier 22-23% borrowing costs. The 540 MW power plant struggled to s...
- Liberty Steel's Adhunik Metaliks resumes operationsAdhunik and Zion Steel were taken to the insolvency courts and had an admitted debt of around Rs 5,000 crore, according to court filings in...
- Edelweiss ARC makes Rs 325 crore top bid for Orissa Manganese & MineralsEdelweiss ARC was the sole bidder for the other two companies – Zion Steel and Adhunik Metaliks.
- Adhunik Alloys gets four resolution plansThe four companies face claims totalling Rs 14,185 crore.
- Edelweiss set to take over Adhunik PowerSale of distressed assets to fetch lenders cash upfront for the first time.
- Adhunik Power owners plan equity infusion to retain controlEarlier this month, OPG Power Ventures had proposed to acquire majority stake in Adhunik Power under the strategic debt restructuring (SDR)...
- Adhunik Group appoints Mohanlal as Group CEOMohanlal will based in Rourkela and will be responsible for the group's steel business and mining operations, a statement said.
- Adani Power in talks to buy Adhunik Group firm; Adhunik Metaliks rallies 20% intraday, ends 6% upAdhunik Metaliks surged as much as 20 per cent in trade on Wednesday.
- Adani in talks to buy Adhunik PowerGautam Adani's Adani Power is in advanced talks with Adhunik Group to buy Adhunik Power, sources with direct knowledge said.
- Adhunik group to divest up to 26% in Orissa Manganese and MineralsAdhunik group, with interests in mining, special automotive steels and power, has decided to divest up to 26% stake in group company Orissa...
- Adhunik begins commercial operation of power plant unit in JharkhandAdhunik Metaliks said it has commenced commercial operation of its 270 MW second unit of coal-based thermal power plant in Jharkhand.
- Adhunik Metaliks consolidated Q2 net up 72% at Rs 39.75 croreOn a consolidated basis, the company's Q2 sales were up 28% to Rs 612.58 crore against Rs 478.69 crore in October-December 2011.
- Adhunik group commissions first phase of thermal power plant in JharkhandAdhunik Power & Natural Resources Ltd commissioned the first 270MW unit of its 2 x270 MW coal fired thermal power plant in Jharkhand on Tue...
- First unit of Adhunik thermal power plant inaugurated in JharkhandArjun Munda today inaugurated the first unit of 4x270 MW coal fired thermal power plant of Adhunik Power & Natural Resources.
- Northern Coalfields refuses to transfer land to Reliance Power's Sasan ultra mega power projectNorthern Coalfields has refused to transfer land required to operate the mines attached to proposed 4,000 mw Sasan ultra mega power project.
- Adhunik group to have another power plantAdhunik Power and Natural Resources Limited (APNRL), a unit of Adhunik Group of Companies, will set up one Super Thermal Power plant in Jha...
- SBI, Macquarie SBI Infra to invest Rs 125 cr in Adhunik's armAdhunik Metaliks said State Bank of India and Macquarie SBI Infrastructure Investments together will invest Rs 125 crore as equity in a pow...
- SBI Macquarie to buy 12% in Adhunik arm for Rs 125 crSBI Macquarie Infrastructure Fund is buying a 12% stake in Adhunik Metalik's power subsidiary for Rs 125 crore, sources with direct knowled...
- SBI Macquarie Infra Fund to invest Rs 125 cr in Adhunik MetaliksSBI Macquarie Infrastructure Fund is buying 12% stake in Adhunik Metalik’s power subsidiary for Rs 125 crores, sources with direct knowledg...
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