Nabha Power

To ease debt, L&T looks to offload Nabha Power, pare Hyd Metro stake

The objective is to reduce the Rs 18,000-crore debt on the books of these firms, said D K Sen, whole-time director and senior executive vice-president (development projects), L&T

Ongoing divestment, healthy order inflows positive for Larsen & Toubro

Analysts expect a 12-15 per cent upside from current levels

L&T may conclude divestment of its road assets by the end of FY23

Exit from Hyderabad Metro, Nabha Power may take 2-3 years, says CFO R Shankar Raman

Nabha Power secures approval to convert Rs 5,341-cr debt to equity

When contacted, L&T did not comment on Nabha Power debt conversion or its sale

L&T plans to become asset light, reduce debt by Rs 30,000 crore

To sell off L&T IDPL, Nabha Power; transfer Hyderabad Metro to an InvIT

Coal India Limited refutes Nabha Power allegation of coal shortage

The claim of the Nabha Power to shut down its 750 mw plant at Rajapura in Punjab due to inability of the Coal India to offer coal is not true, a CIL official said today. The L&T group firm Nabha Power closed its Rajapura plant on June 3 stating that it was forced to take the decision due to shortage of coal supplied by the CIL. The CIL official said the Nabha Power should gear up lifting the allotted coal and rush it to its plant instead of blaming coal crisis for the shutdown of the plant. The alleged crisis at the Nabha Power is the result of its own inept handling of coal procurement plans, as booking and lifting of additional coal allocated by CIL for the peak summer/paddy season was inordinately delayed, he said. Nevertheless, the CIL and the Railways have attached priority for movement of coal to the power stations of Punjab, particularly to the Nabha Power. As on June 8, as many as 27 rakes of coal are in transit for the Nabha Power plant, he said. Coal for ..