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The National Company Law Tribunal (NCLT) vacated the stay on the auction of the power project on April 5, paving the way for a fresh round of bidding. The total claim of lenders on the project is pegged at about Rs 32,000 crore. These companies have given expressions of interest , which were to be submitted by April 26 and the timeline to give a resolution plan by the interested parties is June 18, according to the timeline set by resolution professional Sumit Binani. ....
India Business News: NTPC is set to acquire the KSK Mahanadi power station in Chattisgarh, a large greenfield project with a proposed capacity of 3,600 MW, marking the sta ....
The state-owned lenders, with NTPC Ltd as the technical partner, had earlier given expression of interest for the 1,800 MW coal-based power project in the Champa district of Chhattisgarh along with companies like Vedanta Ltd, Adani Power Ltd, and Jindal Power Ltd. While the PFC-REC duo had submitted its bid for the project, it was later clarified that they needed DIPAM s approval to participate in the resolution process, three people in the know said. ....