With the signing of this PPA, the entire 240 MW capacity of the Kutehr Hydro Electric Project has been tied up on a long-term basis.
The rating on long-term bank facilities Rs221 crore has been revised to CARE BBB; Stable.
The Board of Directors have approved an investment of up to Rs600 crore spread over the first 5 years.
The Company has been awarded a work order by Rajasthan State Pollution Control Board (RSPCB).
The company’s meeting is to be held on March 9, 2022, to consider the fund-raising plan by issuing of company’s equity shares.
Record date for Distribution is 11 March 2022
The initial subscription amount of Rs1 lakh towards subscribing to 10,000 equity shares at face value of Rs10/- each.
IRCON has also completed excavation of about 11 Km in Main Tunnel of T15, on January 18, 2022.
The company will acquire 21,483 shares comprising 11,699 CCPS and 9,784 Equity Shares via a mix of primary infusion and secondary purchase.
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