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RKM POWERGEN
Coal scam case: Ex-Coal Secretary HC Gupta, RKM Powergen and promoters discharged in Fatehpur East allocation caseA special court in New Delhi discharged RKM Powergen Pvt. Ltd, former Coal Secretary HC Gupta, and three others in the Fatehpur East coal b...- CBI court discharges former coal secretary, 4 others in coal block allocation caseA Delhi court discharged former coal secretary HC Gupta and others in a coal block allocation case. The court found the allocation of the F...
- Companies may get more time to sign PPAs under mega power policyThe move is likely to benefit at least six power plants with a total planned capacity of around 8 GW, but the capacity remaining to be tied...
- PFC NPAs to reduce with resolution of 4 stressed plants: CMDThe company’s gross NPAs has reduced from 9.39% to 9.05% after resolution of two stressed assets this year while the net NPAs reduced from ...
- 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 ...
- Jindal, JSW, Essar, Korba West to soon supply 1,000 MW power under Pilot Scheme-II at Rs 4.41/unitUnder Pilot Scheme-II of Ministry of Power, Jindal Power would supply 315 MW, followed by Korba West Power Company (295 MW), JSW Energy (29...
- PTC India to ink PPAs with 7 firms, 5 states for 1,900MW by Oct endAfter this tender, the company plans another round of 3,000 MW of medium term PPAs to give some relief to stressed power projects as PPAs a...
- Jaiprakash, RKM, 5 others bag 1,900MW power supply dealsPower Finance Corp Consulting Ltd, a wholly-owned subsidiary of state-owned Power Finance Corp, awarded the contracts on Friday.
- 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.
- Government may auction power contracts with coal suppliesThe proposals are being deliberated at the high-level empowered committee headed by the cabinet secretary that is likely to meet next on Fr...
- Expect to close deals for 8 stressed power plants after SC verdict: PFC CMD Rajeev SharmaPower Finance Corp chairman Rajeev Sharma said the worst is over in terms of making provisions for stressed assets.
- Relief for 2 power projects; Madras HC stays insolvency proceedingsSeveral other stressed power companies may now approach Supreme Court seeking more time to resolve bad loans.
- Madras HC gives relief to 2 private power companies; no action against their assets till hearingIn a separate case filed by RKM Powergen, the high court listed the matter for next Monday and directed no action till then .
- Private power firms withdraw applications from Allahabad High Court; considering to move SCThe companies had approached the high court on Friday seeking extension of deadline to refer their stressed power projects to insolvency co...
- Power companies move HC to get more time to settle with lendersThe high court had in its Aug 27 judgment said any individual having urgency can approach the court with material facts.
- Lenders may finalise deals to sell stressed power assets within 10 daysThe lenders have set August 14 deadline to sign the deals or decide to take the projects to insolvency court.
- Lenders to take GMR Chattisgarh and Jindal India Thermal to bankruptcy courtCompanies such as Adani and Vedanta and funds backed by India Resurgence, Edelweiss and KKR have shown interest in acquiring these power co...
- 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...
- PPA auction for stressed power stations gets bids for 2,200 mwBids were received for 2,200 mw PPAs against 2,500 MW offered by the government.
- Adani Power, GMR Energy bid for all coal blocks reserved for power sectorIn all coal blocks reserved for power companies attracted 54 bids while those earmarked for steel and cement sectors received 124 bids.
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