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July 07,2023

Utility from Punjab submits bids for GVK Power plant

In order to purchase GVK Power (Goindwal Sahib), which is going through corporate insolvency resolution, Punjab State Power Corporation (PSPCL) has made a loan offer to lenders of 1,080 crores. The recovery rate offered by the state power distribution utility is 16 percent of the claims that lenders have submitted to the resolution professional (RP).

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