Page 5 - Cg Power

Fraud-hit CG Power to sell properties by FY21, use proceeds to repay debt

The proceeds from the sale (land and CG House) are likely to be used for repaying part of its debt and meeting its working capital requirements

Governance failures

Ratul Puri, CG Power, Manpasand are just the latest in a series of corporate frauds

Top 10 business headlines: GDP estimates for Q1FY20, CG Power fiasco & more

From a probe at CG Power finding fraudulent related-party transactions to the IL&FS board seeking NCLT approval to sell 7 wind assets to Orix Corp, here are the top business headlines for Wednesday

MCA orders probe against CG Power, inspection report to be ready soon

The office of the MCA's regional director, western region, is in charge of the probe

CG Power stock crashes 20% after probe reveals fraudulent transactions

Such deals were executed by senior personnel: Audit report

Avantha Group Company CG bags $12.5 mn contract from Saudi wind farm

The company would set up high-voltage substations that will connect the Dumat Al Jandal wind farm to the Saudi Arabian electricity transmission grid, a statement said

Shares of CG Power and Industrial Solutions slump 30% after Q3 net loss

Operational revenue during the quarter under review grew 12 per cent to Rs 1,720 crore, as against Rs 1,537 crore in the corresponding quarter of the previous fiscal