Appellate tribunal NCLAT has quashed an NCLT order that denied permission to the lenders of debt-ridden Raigarh Champa Rail Infrastructure to start a fresh bidding process. The development has come as a relief to JSW Energy which had sought permission to participate in the insolvency resolution process of Raigarh Champa Rail Infrastructure Pvt Ltd (RCRIPL), an ancillary company of KSK Mahanadi. JSW Energy has already acquired KSK Mahanadi Power, a 3,600 MW thermal power plant in Chhattisgarh, for Rs 16,084 crore through the insolvency process, earlier in March this year. The Chennai-bench of the NCLAT said it sees no demerits in the decision of the lenders' body CoC to invite fresh Expression of Interest (EoI) by re-issuing fresh Form G, inviting new prospective buyers as it "will certainly increase competition and in all likelihood, result in higher bids." ".... since, the EoI is proposed to be reopened for everybody and not for JSW alone, it is fair and transparent and not...
State-run power giant NTPC on Sunday said that the 245 MW power capacity at Plot-3 of Nokh solar PV in Rajasthan has become fully operational with the start of commercial electricity supply from the second and last part of 52 MW. The first part capacity of 193 MW started commercial operation on June 9, 2025, according to a regulatory filing. Consequent upon successful commissioning, the second and last part capacity of 52 MW out of 245 MW capacity at Plot-3 of NTPC's Nokh Solar PV Project (3x245MW), Rajasthan, is declared on Commercial Operation with effect from 00:00 hours of June 22, 2025, the filing stated. With this, the total standalone and group commercial capacity has now become 60,318 MW & 81,420 MW respectively, it stated.
The EPC firm is expanding its operations beyond roads and highways to metro rail and underground construction segments, according to its Managing Director, Ramneek Sehgal.
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