The estimated investment in the project over five years is Rs 7,600 crore and the same is expected to be funded by a combination of government subsidies, equity contribution and potential bank borrowings as required, the company said.
The tribunal had also allowed the lenders plea to pursue recovery against the erstwhile promoters under the bankruptcy laws even after the dissolution of the company. Originally, the company had only two creditors including its holding company CG Power & Industrial Solutions and its financial creditor Stickwell (India).
The surge of stocks in the BSE 200 Index to new 52-week highs on August 21 reflects the market s dynamism and the potential for growth within various sectors of the Indian economy.
The BSE MidCap Index witnessed a surge of excitement on August 18 as several stocks reached new 52-week highs, showcasing impressive growth potential within this dynamic segment of the market.