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...
PFC, REC may bid for stressed assetsAnother official said the companies are considering partnering with other central power sector entities for technical know-how to run the a...
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...
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...
NTPC in race to buy Delhi discoms from Reliance InfraNTPC has only been keen on buying stressed private power projects that moved to bankruptcy court. Early this year the company outbid the Ad...
NTPC outbids Adani for Avantha’s MP plantNTPC’s offer is the highest on a per-megawatt basis so far to buy out a stressed asset in the power sector.
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...
Power ministry for forward e-auction of stressed assets in NCLTProblems in authentic valuation of stressed projects had earlier forced NTPC to abandon a proposal to acquire some of the troubled plants.
NTPC may bid for 8-9 stressed private power companiesNTPC looks to invest in 8,000-10,000 MW of projects once they are moved to bankruptcy court.
12 stressed power projects en route to NCLT as buyers pull out of talksAlmost all the 34 identified power projects with Rs 1.8 lakh cr loans will head to NCLT.
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 ...
NTPC may invest in GVK, Essar and Avantha plantsThe power producer had also shown interest in and seriously appraised debt-laden power and infrastructure major Lanco's coalbased power pla...