PSU consortium to acquire Sinnar Thermal Power for ₹3,800 crore
pre-market1 source ↓written by the desknot a recommendation
The National Company Law Tribunal has approved a resolution plan of ₹3,800.14 crore for the insolvent Sinnar Thermal Power Limited. The consortium, led by MAHAGENCO and NTPC, aims to revive the Nashik-based plant and maximize creditor recovery. This move follows the initiation of corporate insolvency resolution in September 2022.
Not investment advice. For informational purposes only.