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JHABUA POWER
SC dismisses Avantha Holdings's appeal against NTPC’s resolution plan for takeover of Jhabua PowerThe Supreme Court upheld the NCLAT's decision, dismissing Avantha Holdings' appeal against NTPC's takeover of Jhabua Power. The court ruled...- Power Mech Projects shares in focus after bagging orders worth Rs 551 croreShares of Power Mech Projects will be in focus after the company secured two orders worth Rs 551.35 crore from SJVN Thermal and Jhabua Powe...
- Yes Bank shareholding in Jhabua Power stands extinguished after debt resolution"The resolution professional of Jhabua Power has informed that the successful resolution applicant have made the payment as per the approve...
- NTPC acquires 600MW Jhabua power plant for Rs 925 croreUnder the resolution plan NTPC has offered 50 per cent equity stake in JPL to the secured financial creditors while NTPC has retained all t...
- NCLAT paves way for NTPC's Jhabua buyOn Monday, the adjudicating authority rejected Gautam Thapar-promoted Avantha Group's claim that NTPC is ineligible to acquire the distress...
- Power sector lenders weigh takeover of stressed assetsPower sector financiers Power Finance Corporation (PFC) and REC Ltd had earlier discussed the possibility of creation of an asset managemen...
- NTPC in talks with banks to rescue ₹30,000 crore debt-laden KSK Mahanadi PowerThe state-owned power giant is looking at a collaboration with banks to rescue KSK Mahanadi Power, a holding company which houses the plant...
- Avantha Power lenders ink Jhabua Plant deal with NTPCLenders to the Avantha Group’s 600 MW distressed Jhabua power plant have come to an agreement with the state-owned National Thermal Power C...
- Gautam Thapar remanded in ED custody for 10 daysHis counsel Vijay Aggarwal moved a plea seeking to avail Thapar’s fundamental right to silence during the custodial interrogation by the ED...
- NTPC’s Jhabua Power bid hits NPA tag hurdleThe state-owned power giant that accounts for a fourth of India’s energy generation has made a ₹1,900 crore offer for Madhya Pradesh-based ...
- Lenders reject Gautam Thapar’s bid to reclaim Jhabua PowerThis contrasts with their position with respect to a bid by C Sivasankaran for his company Siva Industries and Holding. The lenders accepte...
- Lenders of Jhabua power plant are locked in tough negotiations with NTPCThe bone of contention is the right over the Rs 400 crore earnings before interest tax and amortisation (EBITDA) that the distressed compan...
- Adani, NTPC in fray to acquire Avantha’s stressed power plantThis is the first time NTPC, the country’s largest power producer, has bid for any stressed project, while Gautam Adani-led Adani Power is ...
- JSW, Adani, others express interest in Avantha Power armJSW, Adani Power, NTPC, Tata Power-backed Resurgent Power and Singapore-based investors to participate in the bidding of Avantha Group’s Jh...
- Banks may not take a decision on stressed power plants by October 15In most resolution proceedings, banks have finalised the bidders but could not finalise deals due to resistance from 15-20% lenders.
- Banks line up sale of KSK, Avantha plants; Adani, Vedanta frontrunnersThe KSK Mahanadi plant owes around Rs 18,551 crore to domestic lenders.
- Seven companies bid lowest in power supply auction, quote Rs 4.24/UnitAccording to a senior official, Jindal India Thermal Power, Avantha Group’s Jhabua Power and SKS Power were the other three that matched th...
- BHEL commissions 600 MW thermal power plant in Madhya Pradesh"The unit has been commissioned at the 1x600 MW Jhabua Thermal Power Project (TPP) located in Seoni district in Madhya Pradesh," BHEL said ...
- Adani Group in talks to buy Avantha Power & Infrastructure’s Madhya Pradesh power projectThe Adani Group is in talks to acquire Avantha Power & Infrastructure’s 1,260-Mw power project in Madhya Pradesh.
- McNally Bharat bags orders worth Rs 104 croreMcNally Bharat Engineering today said it has bagged orders worth 104 crore from three firms, including Neyveli Lignite Corporation.
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