UP electricity board says Tata Power can buy Prayagraj Power with no debt and interest costs so that it can reduce power tariffsTata Power says Prayagraj Power has been sold under IBC and thus UP electricity board cannot interfere in the matter
2 min read11 Mar 2019Lenders to seven stressed power projects are close to resolving loans totalling over 74,000 crore outside the bankruptcy framework
2 min read10 Jan 2019In November, Renascent Power, a wholly-owned subsidiary of Resurgent Power Ventures Pte Ltd, said it would acquire 75.01% stake in Prayagraj Power Generation Company Ltd (PPGCL).
1 min read1 Jan 2019The sale of Prayagraj Power to Tata Power-backed Resurgent Power marks the first such transaction in the power generation space outside the insolvency framework
2 min read14 Nov 2018Three projects, including GMR Chhattisgarh Energy and Prayagraj Power Generation, a subsidiary of Jaiprakash Power where the Union Bank of India has exposure, are at different stages of resolution
1 min read5 Sep 2018Prayagraj has a 1,980 MW super critical coal-based power project in UP and figured in the 12 February circular of RBI
2 min read30 Aug 2018Lenders led by SBI invited expressions of interest for a majority stake in the 1,980 megawatt (MW) thermal power plant, said a newspaper advertisement
1 min read21 Dec 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared