Monnet News

News

Monnet Power invites bids to sell Odisha plant

In August 2017, IDFC Bank initiated proceedings against Monnet Power under IBCBased on a decision by CoC, company was admitted for liquidation to NCLT in December 2018

1 min read24 Feb 2020
News

NCLAT dismisses plea of Monnet Power RP over claims of BHEL

A two-member NCLAT bench headed by Justice S J Mukhopadhaya asked the RP to act in accordance with the directions passedMonnet Power owes around ₹6,000 crore to a consortium of lenders, including State Bank of India and Punjab National Bank

1 min read26 Feb 2019
Companies

IFCI moves NCLAT against AION-JSW bid for Monnet Ispat

NCLAT directed the AION Capital and JSW Steel combine to either modify the financial matrix of the plan or to argue its legality in next hearing

2 min read16 Jan 2019
Opinion

Opinion | The code that recoded biz relationship in 2018

The Insolvency and Bankruptcy Code put Indian companies on tenterhooks

4 min read17 Dec 2018
Companies

JSW Steel revamps production to meet steel demand

JSW Steel will spend 44,415 crore to boost current production capacity to 24.7 million tonnes per annum by 2020-21

2 min read29 Oct 2018
Home-page

Monnet Ispat’s net loss widens to ₹2,860 crore in second quarter

Monnet Ispat's total income, however, increased to 423.03 crore in July-September quarter of 2018-19 fiscal as compared to 318.39 crore in corresponding period of the previous year

1 min read15 Oct 2018
Companies

Private equity, venture capital investments fall 23% in September quarter

The decline in private equity and venture capital investments in the September quarter was primarily on account of fewer large deals valued greater than $100 million

2 min read11 Oct 2018
Industry

NCLT asks Monnet’s RP to consider Bhel’s entire claim

Bhel had moved the Mumbai bench of the NCLT against the RP to include its full claim of 977 crore under the category of operational creditors

1 min read12 Sep 2018
Companies

JSW Steel will turn around, integrate Monnet Ispat within a year, says chairman Sajjan Jindal

JSW is investing 45,000 crore over a four-year period from FY2017-18 to FY2020-21 to expand its steel making capacities and to modernise and expand capacities of its downstream businesses

2 min read24 Jul 2018
Companies

AION-JSW bid for Monnet Ispat gets NCLT nod

Monnet Ispat & Energy is third from RBI's first list that will be taken over by new investors

2 min read19 Jul 2018
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