Jaiprakash Associates Ltd has received Letter of Intent from Sangam Power Generation Company Ltd (A Subsidiary of U P Power Corporation Ltd) for setting up of 2 x 660 MW Super Critical Technology, Karchhana Thermal Power Project at Allahabad with approved coal linkage.
The Honble Delhi High Court has today accepted the bid of Steel Authority of India Ltd, which was higher than the Companys in the latest round of bidding. It is followed by the sale of assets of Malvika Steels Ltd in favour of the Company and the litigation thereafter, upon the joint application of the parties for inter-se bidding.
The Honble High Court has directed immediate refund of bid price of Rs 2.07bn and the poundage charges deposited by the Company.
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