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Indias NTPC holds BESS tender for Gujarat renewable energy parks construction

A subsidiary of India’s biggest state-owned power generation company NTPC has invited bids to deploy battery storage at a large-scale renewable energy park in Gujarat. .....

Nov 30, 2022

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NTPC, SECI energy storage tenders to augment Indias capacity by 1 GW: Report

The report added that the tenders are expected to face technical, procurement and regulatory challenges .....

Jul 05, 2022

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Allocation from NTPC Dadri-II Thermal Power Plant: Statement from Ministry of Power

Power from Central Generating Stations allotted by Central Government to States on their request; DERC has no jurisdiction in the matter .....

Apr 04, 2022

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NARCL makes Rs 1,003 crore offer for Meenakshi Energy

According to the persons mentioned by ET, the government-sponsored NARCL''s amended offer, which it submitted last week in response to a request from the company''s lenders, is 11% higher than its initial offer. .....

Oct 26, 2022

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Vedanta to acquire Meenakshi Energy for Rs 1,440 crore through insolvency

"Post submission of bid for Meenakshi Energy Limited under Corporate Insolvency Resolution Process (CIRP) under IBC, Vedanta Ltd has been declared successful bidder on January 18, 2023 subsequent to which board of directors of Vedanta Limited has ap.....

Jan 20, 2023

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NARCL offer for Meenakshi Energy and Helios Photo triggers Swiss Challenge auction

This week itself the NARCL has offered to acquire two loans -Meenakshi Energy and Helios Photo Voltaic Ltd, makers of solar energy equipment - which has triggered Swiss Challenge auctions, the people said. .....

Nov 03, 2022

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NCLT approves Vedanta''s bid to acquire Meenakshi Energy

The Anil Agarwal company offered ₹1,440 crore against admitted claims of ₹4,625 crore, equating to a 31% recovery, distributed among lenders, trade creditors and employees. .....

Aug 17, 2023

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NARCL offers ₹900 crore for Meenakshi Energy debt

National Asset Reconstruction Company of India (NARCL), the government-promoted bad bank, has given lenders of Meenakshi Energy a ₹900 crore binding offer to acquire its debt, said two people aware of the development. .....

Oct 20, 2022

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Arcil shows interest in joining the race for Meenakshi Energy

NARCL had offered ₹1,003 crore to purchase the debt last month. If Arcil follows its interest with a serious bid, then NARCL will still have the opportunity to buy the debt under the Swiss challenge method by matching the challenging offer. .....

Nov 09, 2022

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NCLAT dismisses Siemens'' plea against encashment of its guarantee in Meenakshi Energy

The appellate tribunal has upheld the earlier order of the Hyderabad bench of the National Company Law Tribunal (NCLT) in this regard and noted the bank guarantees were invoked by MEL on the ground that Siemens failed to perform its obligations in t.....

Sep 26, 2022

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