The National Company Law Tribunal (NCLT) vacated the stay on the auction of the power project on April 5, paving the way for a fresh round of bidding. The total claim of lenders on the project is pegged at about Rs 32,000 crore. These companies have given expressions of interest , which were to be submitted by April 26 and the timeline to give a resolution plan by the interested parties is June 18, according to the timeline set by resolution professional Sumit Binani.
Shares of JSW Energy Ltd hit their record high in early deals today its arm JSW Neo Energy received a letter of award from NTPC for setting up a 700 MW solar project. JSW Energy stock gained 4.02% to Rs 651.55 against the previous close of Rs 626.35 on BSE. The multibagger stock has rallied 152.25 per cent in a year and gained 56.29 per cent in 2024.
Indian indices surge with banking stocks leading. Various sectors show gains, including Auto, Pharma. Reliance Industries to report results later today.