New Delhi, Sept 17: Resurgent Power Ventures on Saturday said that it has completed the acquisition of South East UP Power Transmission Company through an insolvency process. As per the resolution plan, the transaction entailed payment for one-time settlement of outstanding debt and purchase of equity shares for a consideration of Rs 3,251 crore and payout of existing cash balance of SEUPPTCL. The transaction has been funded through a mix of shareholder funds brought in by Resurgent Power and loans […]
Power Mech Projects Ltd receives LOA for projects worth Rs. 1068.36 crores
Posted On: 2021-02-10 01:23:38 (Time Zone: Arizona, USA)
Power Mech Projects Ltd has received the Letters of Award for the following works worth Rs.1068.36 Crores:
1. Implementation of Various Rural Water Supply Projects in the State of Uttar Pradesh for Meerut District under State Water & Sanitation Mission, Govt. of Uttar Pradesh.
2. Implementation of Various Rural Water Supply Projects in the State of Uttar Pradesh for Aligarh District under State Water & Sanitation Mission, Govt. of Uttar Pradesh. Works No.1 & 2 worth Rs.898 Crores, awarded for a Joint Venture of Power Mech Projects Limited.