Stressed Power Assets

This will lead to an increase in liquidity of such projects. It will also boost the country's overall growth and ensure the revival of various stressed power assets

Power companies fear price rise, Coal India denies any tweaking

Of the 36 identified stressed assets, seven have been resolved through debt-restructuring schemes by lenders

The balance capacity is under various stages of resolution, including through Insolvency and Bankruptcy Code (IBC)

Public sector technocrats oppose alleged privatisation of power supply channels

Report forecasts that if a significant volume of India's coal-fired capacity turns stranded, the phenomenon could affect labour directly or indirectly linked to the coal value chain

Lenders this paper spoke to said there was a concern regarding companies not cash-rich bidding for stressed assets

If the lenders succeed in selling their stake, then it would be one of the first few power projects whose debt will be resolved outside the courts

The court will hear the matter after its vacation, which is from December 17 to January 1

Suggests various steps to improve coal supply; entrusts NTPC to assist units facing chronic coal crunch

The SC in its September order asked banks not to refer any case for insolvency proceedings till further notice from the court

Lenders will have to take Rs 100-bn haircut, cut rates

According to sources, no RBI representative turned up for the first and second meeting of the panel held on August 31 and September 14

SC has stayed further moves against the power sector by its creditors, transferred all pleas in various courts to itself and directed RBI to maintain the status quo until the plea is heard in November

REC seeks banks' support for framework to be also used for assets landing in NCLT

The absence of an RBI representative in the crucial meeting has sent a strong signal that the central bank is in no mood to relax its deadline

The power ministry has identified 66 stressed power projects across coal, gas and hydro, against the finance ministry's list of 34 coal-based stressed projects

Prayagraj was part of the list of half dozen stressed power projects where the resolution had commenced outside the NCLT

Allahabad HC on Monday had denied relief to power sector

With the Allahabad High Court not providing any relief on stressed power loans that are impacted by the Reserve Bank of India's (RBI's) February 12 order, one might have expected it would impact the share price of public sector banks (PSBs).On Monday, the Bank Nifty had risen 1.5 per cent on hope that the court would provide relief. However, despite the lack of interim relief, the index fell only 0.3 per cent in Tuesday's trade.There are concerns that most PSBs and corporate-focused private banks would need to make additional provision for these loans. The action deadline for RBI's order ended on Monday and this would hit banks' power accounts.Even so, the impact for State Bank of India (SBI), the largest lender, is unlikely to be significant. The share price, though down one per cent at Rs 305 on Tuesday, was still higher than last week's closing price of Rs 300.For the sector, the degree of provisioning and capital impact will vary, depending on the provisioning in place, credit ...