IL&FS, as part of its resolution process, had recently invited expressions of interest (EoIs) to acquire a 92% stake in ITPCL held by IL&FS Energy Development Company (80%) and the group holding company (12%). This asset has two coal-based power plants with 1,200 MW capacity in Cuddalore with the potential to add nearly 2,000 MW more, a captive jetty adjacent to the plant, and a captive coal mine in Indonesia.
The RP invited lenders to vote on whether to consider Adani s unsolicited offer since he has already filed an application with the NCLT. In the last week of December, lenders unanimously voted to consider the offer. KPMG-backed RP Saurabh Kumar Tikmani has applied to the NCLT seeking direction on holding an auction with Adani s offer as an anchor bid. The tribunal is scheduled to hear the matter on January 16.
Govt acquires Goindwal Sahib thermal plant at Rs 1,080 crore tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
Punjab Chief Minister Bhagwant Mann on Monday said that the state has "created history" by purchasing Goindwal thermal power plant owned by GVK Power at a cost of Rs 1,080 crore.The purchase would help reduce the overall tariff by .
Punjab Govt Buys GVK-Owned Thermal Power Plant For Rs 1,080 Crore menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.