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MONNET POWER COMPANY
5 firms interested in Monnet PowerThe company has debt of nearly Rupees 6,000 crore on its books.- Heading for liquidation? No bidders for Monnet PowerResolution professional has called for a meeting of creditors on June 19 to decide whether company needs to go in for another round of bidd...
- Alvarez & Marsal appointed admin for Essar ProjectsEssar Projects and Monnet Power, both privately held, together owe more than Rs 6,000 crore.
- Monnet Ispat posts net loss of Rs 358.60 croreIn March, the company's shareholders approved the proposal to sell Monnet's stake in a power subsidiary firm -- Monnet Power Company Ltd (M...
- Delhi High Court to hear case against power plant cost capping on September 15The Delhi High Court will on September 15 hear a petition against the government's move to cap the costs of power plants.
- Monnet to surrender Utkal C mine over power tariff capMonnet Ispat & Energy Ltd (MIEL), which won a coal block in Odisha for about Rs 9,537 crore in the recent mines auction, is set to surrende...
- Monnet Ispat ends 20% up; company looks to divest stake in power armIn an interview to ET Now, a company’s spokesperson said, “We are looking to focus on core steel business; we are looking to divest power o...
- JSW Energy inks pacts with Monnet for acquisition of power armJSW Energy has entered into a non-binding pact with MIEL for a possible acquisition of its power arm, which is setting up a 1,050 MW therma...
- Delhi High Court postpones hearing on power plant cost capping caseThe company has argued that capping fixed costs after the auction of coal blocks “amounts to ex-post facto change in bidding conditions of ...
- Monnet Ispat in talks to sell part of power armMonnet Ispat & Energy is in preliminary talks with potential buyers for selling partial stake in its power business, Monnet Power Company.
- Adani, JSW vie for majority stake in Monnet PowerThe deal, likely to be sealed in April, will help the promoters reduce debt of Monnet Ispat, which stood at Rs 10,000 crore as on March 31,...
- Monnet Ispat shares gain over 8% as arm bags coal blockShares of Monnet Ispat & Energy surged over 8 per cent today after its subsidiary bagged the Utkal C mine in Odisha in the second phase of ...
- Monnet to sell stake in power subsidiary to strategic partnerMIEL is currently engaged in preliminary discussions with five-six power utilities, including a foreign firm, for strategic part-stake sale.
- 'Odisha to renew MoUs with 7 IPPs within 2 months'Odisha government today decided to extend tenure of the pacts with seven independent power producers (IPPs) within 60 days, official source...
- Blackstone buys 7% stake in Monnet Ispat for $50 mnUS-based Blackstone Group has acquired 7.12% equity in Monnet Ispat & Energy for $50 million (about Rs 230 crore).
- Monnet Ispat close to acquiring Indonesian coal mineAs coal prices rise sharply and short supply of coal gets deeper in India, power and steel companies are scouting for coal assets abroad.
- Monnet Power secures fund for 1,050 MW project in OrissaMonnet Power, a subsidiary of steel-maker Monnet Ispat today said it has tied up funds for its 1,050 MW power project at Angul in Orissa.
- Monnet Ispat jumps over 18% on stake sale, hits year-highMonnet Ispat today soared over 18 per cent to touch an all-year high on the BSE, a day after it sold a 12.5 per cent stake in its arm, Monn...
- Monnet Ispat surges 13 pc to one-month high on stake saleMonnet Ispat today jumped over 13 per cent in early trade on BSE to a one-month high, a day after US-based Blackstone Group bought a 12.5 p...
- Blackstone buys 12.5 pc stake in Monnet Power Co for Rs 275-crGlobal buyout major, Blackstone Group, has bought a 12.5 per cent stake in power producer Monnet Power Company (MPCL) for Rs 275-crore.
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