In a sudden U-turn, Naveen Jindal-promoted Jindal Power Limited has dropped out of the race to acquire Lanco Amarkantak Power Limited. Just last week, the company had topped an offer by Adani Power Limited (NSEI:ADANIPOWER) for the distressed thermal power company undergoing corporate insolvency proceedings. Following this development, only three bidders - Adani Power Limited (NSEI:ADANIPOWER), Reliance Industries Limited (NSEI:RELIANCE) and Power Finance Corporation Limited (NSEI:PFC) - led consortium - will participate in the proposed auction process.
Delayed
Other stock markets
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5-day change | 1st Jan Change | ||
769.7 INR | +0.35% | -11.98% | +46.57% |
Jun. 06 | Bharat Heavy Electricals Bags Order Worth Over INR35 Billion to Set Up Power Project in Raipur, India | MT |
Jun. 06 | Bharat Heavy Electricals Bags Contract Worth Over INR35 Billion | MT |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
2,943 INR | +0.10% | -2.58% | 238B | ||
769.7 INR | +0.35% | -11.98% | 35.43B | ||
485.8 INR | +0.47% | -12.44% | 19.11B | ||
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+46.57% | 35.43B | |
+17.27% | 41.87B | |
+39.45% | 18.91B | |
+50.90% | 14.53B | |
+47.84% | 9.63B | |
+42.28% | 6.79B | |
+74.53% | 6.54B | |
+48.23% | 5.64B | |
+37.73% | 4.02B | |
+6.66% | 3.8B |
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- Jindal Power Quits Race to Acquire Lanco Amarkantak