Stocks that will see action today: January 3, 2024 - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The Competition Commission of India (CCI) has approved the proposed acquisition of 100 per cent shareholding of GVK Power (Goindwal Sahib) Limited by Punjab State Power Corporation Ltd.
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.
Local coal, hydel power turned PSPCL into profit-making unit 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.
The anti-trust regulator said PSPCL, a fully owned undertaking of the Punjab government, intends to take over GVK Power (Goindwal Sahib), which has been undergoing an insolvency resolution process. PSPCL has reportedly offered Rs 1,400 crore to lenders for the acquisition of the GVK power unit. This is the first such takeover of a private electricity generator by a state-run distribution company.