NCLT approves NTPC-MAHAGENCO plan for Sinnar power project
after close1 source ↓written by the desknot a recommendation
The National Company Law Tribunal (NCLT) approved the joint resolution plan by NTPC and MAHAGENCO for the 1,350 MW Sinnar Thermal Power Project on 28 Nov 2023. This approval revives a project that had been in insolvency, ensuring it remains under government control and not privatized. 🔋
This development is expected to enhance power generation capacity in Maharashtra, positively impacting the energy sector.
Not investment advice. For informational purposes only.