 "STRESSED ASSETS")
NTPC set to buy stressed assets
NTPC, India’s largest power utility, has received support from banks for funding its plan to buy assets landing in insolvency courts. The state-owned power generator is learnt to have evaluated all the 32 stressed coal-based units and shortlisted eight to nine of them, totalling 10 gigawatts (Gw). Read More
Share buyback may hurt finances of PSUs
The government’s plan to meet divestment target through share buybacks by large public sector undertakings (PSUs) is likely to put additional burden on their already strained balance sheet. Listed PSUs (excluding banks and oil
NTPC, India’s largest power utility, has received support from banks for funding its plan to buy assets landing in insolvency courts. The state-owned power generator is learnt to have evaluated all the 32 stressed coal-based units and shortlisted eight to nine of them, totalling 10 gigawatts (Gw). Read More
Share buyback may hurt finances of PSUs
The government’s plan to meet divestment target through share buybacks by large public sector undertakings (PSUs) is likely to put additional burden on their already strained balance sheet. Listed PSUs (excluding banks and oil
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