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Banks invite offers to acquire 51% stake in Monnet Power: Srcs

The IDFC Bank-led consortium, which has Rs 5,000-crore exposure to Monnet Power, has appointed SBICAPS to identify strategic investors and invite expression of interest (EoI) for the company‘s 1,050 megawatt (MW) power plant in Odisha. The EoI are to be submitted by November 30.
Coal auction: Monnet Power bags Utkal-C at Rs 770 per tonne

Monnet Power has also one another coal block which is Mandakini in JV with Jindal India Thermal plant. It also has plans to expand 660 megawatt capacity in the power sector.
Monnet Ispat plans to sell stake in power, sponge biz

According to sources, JSW Energy and Tata Power are eyeing Monnet Power, while JSW Steel is eyeing the Orissa Sponge asset.
GMR Chattisgarh, Jaypee, Ambuja win one coal block each

Two more coal blocks will come up for auction Monday, which include Utkal C in Odisha with reserves of about Rs 123.8 million tonne and Lohari in Jharkhand.

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Monnet Power

Banks invite offers to acquire 51% stake in Monnet Power: Srcs

Coal auction: Monnet Power bags Utkal-C at Rs 770 per tonne

Monnet Ispat plans to sell stake in power, sponge biz

GMR Chattisgarh, Jaypee, Ambuja win one coal block each