Punjab govt pays banks ₹1,426 crore to complete takeover of GVK Power’s facility
The Punjab government has completed the payment of ₹1,426 crore to banks led by IDBI to complete the takeover of the debt-laden 540-MW GVK Power’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 … Read more