stressed asset Archives - Power Line Magazine

Successful Bid: Vedanta acquires Meenakshi Energy to strengthen its power portfolio

February 6, 2023

The power sector has recently seen some progress in the resolution of stressed generation assets. Vedanta Limited, a metals and mining major, recently emerged as the successful bidder to acquire Meenakshi Energy Limited (MEL), which […]

Major Relief: SC sets aside RBI norms for stressed asset resolution

April 30, 2019

In a major relief to many ailing power companies, the Supreme Court has set aside the February 12, 2018 circular of the Reserve Bank of India (RBI) that had revised the framework for the resolution […]