JSW Energy said it has completed the debt restructuring agreement with Jaiprakash Power Ventures Ltd (JPVL) and is set to close its GMR Kamalanga acquisition in a couple of weeks.
The Sajjan Jindal-backed company has acquired a 5 percent equity stake in JPVL, in addition to ₹120-crore receivable which has been classified as a loan from JPVL. Both parties have agreed to forego their respective rights and obligations in relation to the Securities Purchase Agreement for transfer of Karcham and Baspa hydro assets, the company said.
The company also said its GMR Kamalanga Energy acquisition is progressing well and is headed for an expeditious closure. Another acquisition, Ind-Barath Energy (Utkal)’s 700 MW of stressed assets, is awaiting approval from NCLT. “The deal is expected to be closed in the next few weeks,” said Prashant Jain, Joint MD, and CEO, JSW Energy.
Demand for power
ãã®èšäºã¯ The Hindu Business Line ã® February 05, 2020 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ The Hindu Business Line ã® February 05, 2020 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
Covid Presents An Opportunity For India
India must attract investors exiting China post-Covid. Streamlining of project clearances and relaxation in FRBM norms will help
Did Alternative Assets Shield You From Covid-19 Volatility?
The assets closely linked to stock and debt markets could not stave off the losses
How To Put Aircraft To Bed
Preserving grounded planes, to get them up and flying at short notice, is a challenging task. Ashwini Phadnis captures the process
There Can Be No Going Back On WFH
Covid-19 has fast-forwarded the shift to âwork from homeâ. However, some face-to-face connect will always be needed
UN, WHO Urged To Ensure âBenefit Sharing' Of Covid-Related Data
Biopharma firms should reach vaccines, medicines to poor nations at an affordable price, say civil society bodies
With No Clear Signal From Rlys, States Explore Ways To Bring Back Migrants
Quarantine centres, cross-country buses being arranged even as migrants hop on to boats, trucks and ambulances
Centre Allows All Neighbourhood Shops To Open But With Riders
Final call will be taken by local authorities; shopping complexes that draw fewer âoutsidersâ are permitted to operate
Covid Impact Relatively Muted In India
Compared to Italy and the US, Indiaâs rate of infection spread has been slow. This can be attributed to the strict measures in place
How Global Trade Will Fare Post-Covid
China isnât likely to lose its pre-eminent position soon. India, for one, will need to make manufacturing globally competitive
How To Curb Harassment In The Virtual Office
Training and sensitisation are essential. Institute a strict dress code and chat etiquette to ensure professionalism during video calls
