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IL&FS power plant in Tamil Nadu can’t be valued at Rs 8.7 crore/MW, says NLC

NLC’s chairman and managing director Rakesh Kumar told FE that unlike its UP unit, which has power purchase agreements with UP discoms and will run on domestic coal, there is uncertainty over the Cuddalore unit’s PPAs. NLC, formerly Neyveli Lignite Corporation, which is in talks with IL&FS for possible purchase of the latter’s 1,200 MW […]

Power Grid may launch landmark Rs 7,700 crore InvIT IPO on April 29, first ever by a PSU in India