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JBF PETROCHEMICALS RESOLUTION
GAIL re-engages process licensor for revival of Mangalore PTA plantGAIL (India) Ltd. has revitalized its plan to launch a PTA manufacturing plant in Mangalore. The state-owned gas utility has re-engaged INE...- IOC acquires Mercator Petroleum for Rs 148 croreIndian Oil Corporation (IOC) has acquired Mercator Petroleum for about Rs 148 crore in an insolvency proceeding. As per the resolution plan...
- GAIL India Q1 Results: Standalone net dives 51.5% YoY to Rs 1,412 crore as natural gas marketing dragsGAIL India has reported a 51.5% YoY drop in net profit largely due to weak earnings in the petrochemicals business and gas marketing. Despi...
- Interest compounding pulling down recovery in IBC casesThe addition of penal interest and other charges in stressed accounts have brought down recovery ratios even though recovery of the princip...
- GAIL infuses Rs 2,100 crore in JBF PetrochemicalsGAIL, India's largest gas company, has infused INR 2,100 crore ($283.7m) in JBF Petrochemicals Ltd, a private sector chemical company it ac...
- Creditors’ recovery via IBC surges to 36% of admitted claims in FY23Data from the Insolvency and Bankruptcy Board of India (IBBI) showed that out of the total admitted claims of Rs 1.42 lakh crore, creditors...
- Reliance, MCPI among 8 in race for textile manufacturer Sumeet IndustriesThese companies have officially submitted their interest along with supporting documents earlier this month and will be now scrutinised by ...
- Bankruptcy court approves Gail India’s resolution plan for JBF PetrochemicalsThe sale of JBF Petrochemicals will equate to a 41% recovery for financial creditors. The resolution professional, Sundaresh Bhat, backed b...
- GAIL Q2 Results: Profit tumbles 46% YoY to Rs 1,537 croreGAIL's mainstay natural gas marketing business saw revenues doubled but profitability declined 66 per cent as higher gas prices, resulting ...
- GAIL to take over debt-laden JBF Petrochemicals in a rare deal for a PSUThe letter of intent was issued on Sunday, following which Gail has to deposit 10% of its bid value or about Rs 200 crore as bank guarantee...
- ONGC-IOC hikes JBF Petro bid over 2-fold, but still trails GailLenders had allowed all three bidders to increase their offers after the first round. MPCI chose not to submit a revised bid, said people i...
- GAIL makes highest bid for JBF Petro at ₹1.8k crGAIL has outbid an ONGC-Indian Oil consortium and the Kolkata-based MCPI, the two other bidders.
- ONGC, Indian Oil to make joint bid for JBF PetrochemicalsET had first reported on May 27 that Reliance Industries, HPCL-Mittal Energy, Jindal Poly Films, Gail, Jindal Power, MCPI Ltd, and a consor...
- RIL, HPCL-Mittal Energy, Jindal group among JBF Petro suitorsSeparately, 98% of the lenders of JBF Industries exited by selling their loan exposure to CFM ARC last year. Listed JBF Industries does not...
- Lenders invite bids to buy out stressed JBF petrochemicalsIn the process document issued by banks, prospective buyers with a minimum net worth of ₹300 crore and a consolidated group turnover of ₹2,...
- JBF Petro admitted to NCLT after settlement talks with bidders collapseLenders have received separate offers from Reliance Industries, KKR, Edelweiss, Indian Oil Corporation, Dubai based Citax Energy and Assets...
- IDBI Bank puts Rs 9,500 cr loans on the blockThe accounts on offer include loans worth Rs 721 crore to Reliance Communications.
- BoB-led lenders, JBF Industries to sign inter-creditor pactBank of Baroda had filed an insolvency resolution petition against the maker of polyester-based products at the Ahmedabad bench of the Nati...
- RBI deadline ends: Many power(less) plants may fall into bankruptcyNearly 40 cos have defaulted on loans of more than Rs 2K-cr but escaped getting into the resolution process.
- Stocks in focus: Jet Airways, Lanco Infratech, Videocon & ICICI Sec among top stocks to track todayHere's a look at the top stocks that may hog the limelight in today's session.
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