{"id":519893,"date":"2022-09-06T10:58:49","date_gmt":"2022-09-06T05:28:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=519893"},"modified":"2022-09-06T10:58:49","modified_gmt":"2022-09-06T05:28:49","slug":"ntpc-takes-over-avantha-groups-stressed-jhabua-power-under-ibc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ntpc-takes-over-avantha-groups-stressed-jhabua-power-under-ibc\/","title":{"rendered":"NTPC takes over Avantha group\u2019s stressed Jhabua Power under IBC"},"content":{"rendered":"<p>NEW DELHI: State-run NTPC has acquired Jhabua Power Ltd, a stressed asset of the Gautam Thapar-promoted Avantha group, in a deal size estimated in excess of Rs 1,800 crore, marking the first acquisition under the insolvency and bankruptcy code by India\u2019s largest integrated generation utility.<br \/>\nNTPC has offered 50% equity stake in Jhabua Power to the secured financial creditors and retained all management rights and control over the company.<br \/>\nThe acquisition of Jhabua Power\u2019s 600 mega watt in Seoni, Madhya Pradesh, has raised NTPC\u2019s total capacity to more than 70 gigawatts, the company said on Monday. The acquisition is part of NTPC\u2019s strategy to achieve a diversified installed capacity of 130 GW by 2032 through both organic and inorganic routes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: State-run NTPC has acquired Jhabua Power Ltd, a stressed asset of the Gautam Thapar-promoted Avantha group, in a deal size estimated in excess of Rs 1,800 crore, marking the first acquisition under the insolvency and bankruptcy code by India\u2019s largest integrated generation utility. NTPC has offered 50% equity stake in Jhabua Power to the secured financial creditors and retained all management rights and control over the company. The acquisition of Jhabua Power\u2019s 600 mega watt in Seoni, Madhya Pradesh, has raised NTPC\u2019s total capacity to more than 70 gigawatts, the company said on Monday. The acquisition is part [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-519893","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/519893","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=519893"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/519893\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=519893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=519893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=519893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}