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Outcome of board meeting of Rattanindia Power

Capital Market 

At meeting held on 19 September 2019

The Board of Rattanindia Power at its meeting held on 19 September 2019 has accepted the Letter of Intent dated 17 September 2019 received by the company from lenders who had funded its 1350 MW, Phase-I, Thermal Power Project in Amravati, Maharashtra. The LoI having been issued in favour of the Company subsequent to it being declared successful in the open bid process run by the Lenders for the purpose of resolution of the aforesaid debt.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, September 19 2019. 18:56 IST