| Purpose | Announcement Date | Meeting Date |
|---|---|---|
| EGM | 15 May 2024 | 18 Jul 2024 |
| COM 18/07/2024 Received an order from NCLT for convening of Meeting of equity shareholders, Secured creditors and Unsecured creditors of Renewable Power Undertaking of the Company. (As Per BSE Announcement dated on 16.05.2024) Notice of Meeting of Equity shareholders as per Directions of National Company Law Tribunal. (As Per BSE Announcement dated on 14.06.2024) Proceedings of NCLT convened Meeting of Equity Shareholders of the Company (As Per BSE Announcement dated on 18.07.2024) | ||
The company will acquire 11,95,510 shares of NZIPL, equaling 49% equity. Additionally, it will acquire 30,00,000 shares of NZPPPL.
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The greenfield power plant, based on 2x800 MW ultra-supercritical technology, will be developed under a design, build, finance, own and operate model at a tariff of ₹5.829 per kWh.
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The project is scheduled to be commissioned within six years of signing the power purchase agreement, ensuring its entire output goes to the state utility.
The pharma business said that its revenue from operations slipped as much as 12.50% to ₹7,906 Crore in Q1FY26.
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Additionally, the business said that it plans to commission the project within 24 months from the signing of the power purchase agreement (PPA).
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