Mahagenco-NTPC emerges as top bidder for Sinnar Thermal at Rs 3,800 crore

Quick Summary:

The plant has coal linkages from Coal India Limited (CIL) subsidiaries.

This could potentially simplify coal supply and operational logistics for the Sinnar plant.

Punjab National Bank, Axis Bank, Canara Bank, Bank of India and Life Insurance Corp are among the other creditors to the entity.

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Category: BusinessFinance

Markets: IndiaSingapore

Topics: Mahagenco-NTPC Sinnr Thermal Plant bid Power plants Insolvency case

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 13:13:24 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 415 words

Reading Time: 3 minutes read

Sentences: 22 lines

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Copyright Owner: © Business Standard

News ID: 23322403

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