{"id":447910,"date":"2021-11-06T11:28:06","date_gmt":"2021-11-06T05:58:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=447910"},"modified":"2021-11-06T12:53:58","modified_gmt":"2021-11-06T07:23:58","slug":"nclt-approves-gail-acquisition-of-ilfs-stake-in-otpc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclt-approves-gail-acquisition-of-ilfs-stake-in-otpc\/","title":{"rendered":"NCLT approves GAIL acquisition of IL&amp;FS stake in OTPC"},"content":{"rendered":"<p>The National Company Law Tribunal has approved state-owned gas utility GAIL (India) Ltd\u2019s acquisition of bankrupt Infrastructure Leasing and Financial Services\u2019 26 per cent stake in ONGC Tripura Power Company (OTPC), GAIL said on Friday.   <\/p>\n<p>OTPC is a special purpose vehicle between Oil and Natural Gas Corporation (ONGC), IL&amp;FS Group and the Tripura government for setting up of a 726.6mw combined cycle gas turbine (CCGT) thermal power plant at Palatana, Tripura. <\/p>\n<p>ONGC holds 50 per cent interest in the company in the project that supplies electricity to the northeastern states. The Tripura government holds 0.5 per cent while India Infrastructure Fund II holds the balance 23.5 per cent stake. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Tribunal has approved state-owned gas utility GAIL (India) Ltd\u2019s acquisition of bankrupt Infrastructure Leasing and Financial Services\u2019 26 per cent stake in ONGC Tripura Power Company (OTPC), GAIL said on Friday. OTPC is a special purpose vehicle between Oil and Natural Gas Corporation (ONGC), IL&amp;FS Group and the Tripura government for setting up of a 726.6mw combined cycle gas turbine (CCGT) thermal power plant at Palatana, Tripura. ONGC holds 50 per cent interest in the company in the project that supplies electricity to the northeastern states. The Tripura government holds 0.5 per cent while India Infrastructure [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,245,148],"tags":[],"class_list":["post-447910","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=447910"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447910\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=447910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=447910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=447910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}