JSW Energy wins resolution plan for KSK Mahanadi Power under CIRP
Author: PPD Team Date: 15/01/2025
Author: PPD Team Date: 15/01/2025
JSW Energy has been declared the successful applicant for the resolution plan of KSK Mahanadi Power Company (KMPCL) under the corporate insolvency resolution process (CIRP) and has received a letter of intent (LoI).
The resolution plan was approved by the Committee of Creditors and is now awaiting regulatory approvals from the National Company Law Tribunal and the Competition Commission of India.
KMPCL owns a 3,600 MW thermal power plant in Chhattisgarh, with 1,800 MW operational and under power purchase agreements, and another 1,800 MW under construction.
Once complete, JSW Energy’s thermal generation capacity will increase to 7.5 GW, contributing to a total generation capacity of 28.2 GW.
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Author: PPD Team Date: 26/05/2025 NHPC Limited reported a standalone net profit of Rs 34.12 billion in 2024-25, down 14.68% from Rs 39.99 billion in the previous year. The decline was partly due to one-time provisions and arbitration-related expenses. Total income rose 6.69% to Rs 117.29 billion, up from Rs 109.94 billion in 2023-24. Revenue from operations stood at Rs 89.94 billion. For Q4 FY25, NHPC posted a net profit of Rs 8.94 billion. Total…
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Author: PPD Team Date: 21/11/2024 Octopus Energy Generation, in partnership with Skyborn Renewables, has been selected by the French government to participate in the ninth offshore wind tender. The winners are expected to be announced in late 2025. Skyborn Renewables brings over 20 years of offshore wind development experience, including the recent commissioning of the 500 MW Fécamp wind farm in partnership with EDF Renewables, Enbridge Inc., and Canada Pension Plan Investment Board (CPP Investments)….
Author: PPD Team Date: 26/05/2025 NHPC Limited reported a standalone net profit of Rs 34.12 billion in 2024-25, down 14.68% from Rs 39.99 billion in the previous year. The decline was partly due to one-time provisions and arbitration-related expenses. Total income rose 6.69% to Rs 117.29 billion, up from Rs 109.94 billion in 2023-24. Revenue from operations stood at Rs 89.94 billion. For Q4 FY25, NHPC posted a net profit of Rs 8.94 billion. Total…