EXCLUSIVE
NCLT OKs NTPC consortium's INR-38-bln revival plan for Sinnar Thermal Power
This story was originally published at 21:06 IST on 28 November 2025
Register to read our real-time news.Informist, Friday, Nov. 28, 2025
--NCLT OKs NTPC consortium's INR-38-bln IBC plan for Sinnar Thermal Power
By Surya Tripathi
NEW DELHI – The Delhi bench of the National Company Law Tribunal Friday approved a INR-38-billion resolution plan by a consortium of Maharashtra State Power Generation Co. Ltd. and NTPC Ltd. for debt-ridden Sinnar Thermal Power Ltd. The tribunal said the committee of creditors of Sinnar Thermal approved the consortium's resolution plan with 100% favourable votes.
The tribunal had admitted Shapoorji Pallonji & Co. Pvt. Ltd.'s plea to start insolvency proceedings against Sinnar Thermal Power in 2022. The debt-ridden company's committee of creditors include Power Finance Corp. Ltd., REC Ltd., Bank of India, Axis Bank, Punjab National Bank, Canara Bank and Life Insurance Corp. of India.
Sinnar Thermal Power has admitted claims of INR 167.35 billion, and the resolution plan is 22.7% of those claims.
Maharashtra State Power Generation Co. is a public sector undertaking wholly owned by the Maharashtra government, incorporated after the restructuring of the erstwhile Maharashtra State Electricity Board. Maharashtra State Power Generation has the highest overall generation capacity and the largest thermal installed capacity among all state power generation utilities in India. NTPC, a Maharatna company, is the largest power generator in the country.
Friday, NTPC's shares ended 0.3% lower at INR 326.45 on the National Stock Exchange. End
Edited by Saji George Titus
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
