{"id":633525,"date":"2024-02-08T11:06:02","date_gmt":"2024-02-08T05:36:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=633525"},"modified":"2024-02-08T11:06:02","modified_gmt":"2024-02-08T05:36:02","slug":"punjab-govt-pays-banks-%e2%82%b91426-crore-to-complete-takeover-of-gvk-powers-facility","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/punjab-govt-pays-banks-%e2%82%b91426-crore-to-complete-takeover-of-gvk-powers-facility\/","title":{"rendered":"Punjab govt pays banks \u20b91,426 crore to complete takeover of GVK Power&#8217;s facility"},"content":{"rendered":"<p>The Punjab government has completed the payment of Rs 1,426 crore to banks led by IDBI to complete the takeover of the debt laden 540 MW GVK Power&#8217;s Goindwal Sahib thermal power plant.<\/p>\n<p>The money was distributed to banks late on Tuesday evening and equates to a recovery of 43% of their principal dues including some pass through payments which were stuck due to litigation between the plant owners and the government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Punjab government has completed the payment of Rs 1,426 crore to banks led by IDBI to complete the takeover of the debt laden 540 MW GVK Power&#8217;s Goindwal Sahib thermal power plant. The money was distributed to banks late on Tuesday evening and equates to a recovery of 43% of their principal dues including some pass through payments which were stuck due to litigation between the plant owners and the government.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-633525","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/633525","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=633525"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/633525\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=633525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=633525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=633525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}