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The expert appraisal committee (EAC) of the environment ministry, however, rejected projects of NTPC Ltd, Jindal Power and JSW Energy.
The Committee of Creditors (CoC) of Bhadreshwar Vidyut, which is currently going through an insolvency resolution process, has voted in favour of the resolution plan by Jindal Power Limited (JPL), a Naveen Jindal Group company, according to industry sources
Around 180 enquiries came from interested parties and 56 bids have been received from companies like Vedanta, NLC, Shree Cement, Dalmia, and Jindal Power, he said.
Punjab Chief Minister Bhagwant Mann on December 16 announced through his Twitter handle that the state government would be acquiring a private thermal power plant in the state.
Go First filed for voluntary insolvency in May and owes a total of Rs 6,521 crore to its creditors. The deadline to submit takeover bids ends on November 21.
The crisis-hit airline is facing significant financial challenges with more than Rs 20,000 crore in admitted claims from creditors
Steel demand will likely expand by 8-9 million tonnes in each of the next two financial years, resulting in growth of 7.5 percent in FY24 and 6.3 percent in FY25.
Last month on March 29, the Ministry of Coal signed agreements for the 29 coal mines auctioned under the sixth round of auction.
So far, a total of 18 blocks have been bid for, where Shree Cement, Dalmia Cement, JSW Steel, Ambuja Cement, JSW Cement, and Jindal Power, among others, were the winning bidders
The tribunal turned down the contentions of consortium of Prudent ARC, the competing bidder for power company which is under corporate insolvency resolution process
From less than 40 percent in FY16, utilisation levels rose to 49.7 percent in FY22 and further to 58.7 percent in May
Worldone will buy out all the equity shares and redeemable preference shares of JPL held by JSPL for a total consideration of approximately Rs 7,401 crore.
Jindal Power stake sale to Worldone has been approved by the JSPL shareholders at EGM (extraordinary general meeting) held on September 3, 2021, the source told PTI.
The initial sale price by JSPL implies a steep 55 percent discount to the replacement cost of the power plants
Out of these, 37 are fully explored, meaning it could be brought to production immediately, and 30 partially. During the first round of auctions held last year, 19 mines received successful bids, out of the 38 on offer.
Concerns on the operating performance of international subsidiaries of Jindal Steel and Power remain. Almost two-thirds of power assets remain idle due to lack of demand
A company official said that Sinha was appointed as chairman of Jindal Power earlier this month, following which he took over last week.
"CARE has reaffirmed stable outlook credit rating of A- (Single A minus) to Jindal Power which operates the 3400 MW OP Jindal Super Thermal Power Plant at Tamnar, Chhattisgarh," JSPL said in a statement on Friday.
Naveen Jindal talks about, among other things, his plan to keep working on cutting his company’s debt by Rs 5,000 crores to Rs 6,000 crore for three consecutive years and listing JSPL’s Oman unit.
In a setback to Jindal Steel and Power (JSPL), the Delhi High Court has upheld the decision of the government to cancel Jindal Power's bid for the Gare Palma and Tara blocks.
"K Rajagopal, has resigned from the position of CFO and he will relinquish his office from the close of business hours on November 21, 2016," it added.
India Business Excellence Fund-II and India Business Excellence Fund-IIA, funds managed and/or advised by MOPE Investment Advisors Private Ltd has acquired 4.1 percent stake in IEX from Jindal Power Ltd for a total consideration of Rs 98 crore, MOPE Investment Advisors said in a press release.
"As part of the monetisation plan already advised, Jindal Power, a subsidiary company of JSPL has entered into a definitive agreement to divest 4.12 percent holding in India Energy Exchange at an undisclosed," says the company in its filing.
Jindal Steel and Power (JSPL) today said its subsidiary Jindal Power has entered into a definitive agreement to divest 4.12 percent stake in Indian Energy Exchange for an undisclosed amount by month-end.
Ravi Uppal, MD & CEO of JSPL says that the company has been approached by various parties for JPL stake as well as for standalone power assets.
