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Jindal Power offers $1.68 billion for distressed coal-based power plant, say sources

Jindal Power, a unit of India s Jindal Steel & Power Ltd, has submitted a 140 billion rupees bid for a coal-based power project in the eastern region, two sources familiar with the development. ....

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Jindal Power offers $1.68 bln for distressed coal-based power plant, say sources

Jindal Power has submitted a bid for the distressed KSK Mahanadi project in Chhattisgarh, a coal-based power project that is being eyed by Adani Power and Vedanta Ltd. The 1,800-megawatt power project, built by KSK Energy Ventures, is one of many distressed coal-fired private power stations in insolvency proceedings. Jindal Power s unsolicited bid shows renewed interest in coal-based power plants in India as the country expects its peak demand to cross 260-gigawatts this year. ....

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Punjab and Sind Bank to sell KSK Mahanadi loans to ARCs

Punjab and Sind Bank, frustrated by the delay in resolving KSK Mahanadi Power s corporate insolvency, plans to sell its debt to asset reconstruction companies (ARCs). The bank has invited offers from ARCs for its loans to KSK Mahanadi Power and KSK Water Infrastructure. ....

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Association of Corporate Advisers & Executives (ACAE) selects Sumit Binani as its 61st President

Kolkata : Sumit Binani takes over the baton as the President of ACAE from CA P. D. Rungta for the term 2023-24. ACAE is one of the oldest and illustrious Association founded in the year 1960 and comprises about 1600 members who are professional ....

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