The Punjab government has finalized the payment of ₹1,426 crore to banks, including IDBI, to acquire the debt-ridden 540-MW GVK Power’s Goindwal Sahib thermal power plant. This settlement, equivalent to 43% of principal dues, marks a significant recovery for banks involved. Litigation delays with the plant owners have now been resolved, facilitating the transaction.
Diwali Picks: Praj Inds, Persistent & 10 other top ideas from Angel One
Ahead of the beginning of Diwali, the domestic brokerage firm Angel One has picked up ten stocks across sectors where investors can place bets. These