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Market this week 9-12-2022
Market this week 9-12-2022
For Rs. 410 crores, JSPL buys the power plant from Monnet Power. According to sources with knowledge of the situation, Jindal Steel & Power Ltd. has purchased a Monnet Power Company under-construction facility for Rs. 410 crore through the insolvency resolution procedure. Adani Power was one of the candidates for the plant. The 1,050 MW power station is situated in the Angul district of Odisha,…
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Monnet Power was set up in 2007 and has a 1,050-Mw thermal power plant in Odisha, but ran into trouble when the Supreme Court cancelled multiple coal mine licences in 2014
