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NHPC takes over Jal Power Corporation Ltd.

NHPC takes over Jal Power Corporation Ltd.
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NHPC Limited acquires Jalpower Corporation Ltd

NHPC Limited acquires Jalpower Corporation Ltd
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Infosys share price: Stocks in the news: SAIL, Infosys, DLF, Wipro, Adani Green & IndusInd Bank

Explore Now
Nifty futures on the Singapore Exchange traded 28.5 points, or 0.20 per cent, higher at 14,601, in signs that Dalal Street was headed for a positive start on Thursday. Here are a few stocks which may buzz the most in today's trade:
HAL: In a major decision aimed at boosting the domestic aerospace industry, India on Wednesday approved a much-awaited deal worth Rs 48,000 crore to procure 83 indigenously-developed Light Combat Aircraft (LCA) Tejas for the Indian Air Force.
SAIL: The government said it proposes to offload up to 10 per cent stake in public sector steel manufacturer
SAIL and the offer for sale (OFS) will open on Thursday.

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NHPC signs agreement for implementation of resolution plan for Jalpower Corporation Ltd

NHPC signs agreement for implementation of resolution plan for Jalpower Corporation Ltd
Posted On:
2021-01-13 07:41:43
(Time Zone: Arizona, USA)
NHPC Limited has signed Definitive Agreement on 13.01.2021 for implementation of the approved resolution Plan submitted by NHPC Limited for takeover of Jalpower Corporation Limited (JPCL), who was implementing 120 MW Rangit Stage-IV HE Project in Sikkim.
Hon'ble National Company Law Tribunal (NCLT), Hyderabad bench has approved the NHPC's resolution plan for taking over JPCL as going concern vide its order dated 24 .12.2020. NHPC will make upfront payment of Rs. 165 Crore for the resolution plan of JPCL.
Shares of NHPC LTD. was last trading in BSE at Rs.24.8 as compared to the previous close of Rs. 24.95. The total number of shares traded during the day was 843068 in over 2087 trades.

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NHPC gets NCLT's nod to take over Jalpower Corporation - The Hindu BusinessLine

NHPC gets NCLT's nod to take over Jalpower Corporation
January 07, 2021
The Hyderabad bench of National Company Law Tribunal has given its approval to NHPC’s Resolution Plan for taking over Jalpower Corporation Ltd
(JPCL).
NHPC will make an upfront payment of Rs. 165 crore and the cost of the project is pegged at ₹943.20 crore, an official statement added.
JPCL is the second company after LancoTeesta Hydro Power Ltd (LTHPL) to be acquired through the NCLT process by NHPC.
"NHPC Ltd., a PSU under Ministry of Power, had submitted its Resolution Plan and was declared the successful resolution applicant by Committee of Creditors (CoC) on January 21, 2020.CoC approved Resolution Plan was filed by Resolution Professional with Hon’ble NCLT Hyderabad Bench on 28.01.2020.," the statement added.

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