Vedanta to gather Meenakshi Energy for Rs 1,440 cr

Vedanta to gather Meenakshi Energy for Rs 1,440 cr

by admin- Thursday, January 19th, 2023 04:18:41 PM

 

Vedanta is said because the a hit bidder for the purchase of Meenakshi Energy underneath Corporate Insolvency Resolution Process. Meenakshi Energy is a 1,000 MW coal-based totally electricity plant in Nellore, Andhra Pradesh and the purchase via Vedanta is expected to be completed by means of FY2024. Vedanta will make an in advance payment of Rs. 312 crores even as the stability Rs. 1,128 crores will in the shape of secured, unlisted NCDs issued by Meenakshi Energy.

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