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With No Bail Out Option, Adani Power Mundra May Move NCLT for Bankruptcy Protection

The urgency of the move can be attributed to RBI’s new guidelines for identification of stressed assets, under which the Adani Power subsidiary has time till August to regularise its defaulted loan account. New Delhi: Adani Power Mundra – a subsidiary of Adani Power that owns the beleaguered 4,620 MW Mundra power plant in Gujarat […]

Union Minister of State for Power and New & Renewable Energy Shri Shripad Yesso Naik chairs the 4th meeting of Group of Ministers constituted for addressing issues related to viability of distribution utilities in the country – EQ