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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.- Stocks in the news: BEML, Adani Green, PNB, UPL, Mphasis and NLC IndiaZuari Agro Chemicals on Saturday said its Chief Financial Officer Samrat Sen has resigned.
- PFS gets Rs 145 cr from resolution of stressed account Prayagraj Power Generation CompanyPPGCL owns and operates a 1,980 MW (3X660 MW) coal-based thermal power project in Uttar Pradesh and had become a non-performing asset due t...
- Tata Power-ICICI Bank JV acquires Manoj Gaur's Prayagraj power projectRenascent Power Ventures Pvt Ltd, the wholly-owned subsidiary of Resurgent Power Ventures Pte, has acquired 75 per cent stake in Prayagraj ...
- APTEL approves acquisition of Prayagraj power project by Tata Power JVAPTEL has upheld approval granted for transfer of 75.01 per cent ownership of Prayagraj power project to Renascent Venture but without any ...
- Tariff order may hit sale of stressed power assetsUP regulator has asked Resurgent to cut tariffs for consumers for buying Prayagraj at a lower valuation.
- Resurgent Power acquires 75% Jaypee's Prayagraj Power; first stressed asset to be resolvedThis transaction is the result of stressed asset resolution process initiated by the lenders through a competitive bidding process, it said.
- Bharti Infratel, Zydus Wellness, Srei Infra and Union Bank among stocks in the newsHere's a look at the top stocks that may hog the limelight in today's session:
- Union Bank expects Rs 2,000 crore recovery from resolution of stressed power projectsThe project cost of GMR project was Rs 11,542 crore with debt component of Rs 8,173.9 crore while equity of Rs 3,367.54 crore.
- RBI on board in empower panel meeting on stressed power assets: MinisterThe government last month set up the committee chaired by Cabinet Secretary with representatives from ministries of railways, finance, powe...
- Lenders scout for new owner for JP Group arm Prayagraj PowerThe lenders have appointed SBI Caps to select an investor/s or buyer and subsequent change in the ownership of the company.
- BHEL commissions another 660 MW thermal unit in Uttar PradeshThe unit has been commissioned at the 3*660 MW Prayagraj super thermal power project, located in Bara tehsil in Allahabad district of Uttar...
- BHEL commissions Prayagraj power project unit in UPAccording to the statement, this is the first supercritical thermal unit in the state to achieve capacity addition on attaining full load.
- JPVL shareholders clear Rs 1,000 crore for Bara projectJPVL today said its shareholders have approved Rs 1,000 crore investment in its subsidiary PPGCL for setting up a 1,980 MW thermal power pl...
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