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| Exchange Received Time 15/01/2018 16:47:22 Exchange Disseminated Time 15/01/2018 16:47:30 Time Taken 00:00:08 | Sub.: Key Development with respect to the Amravati Thermal Power project (Project) of the Company
Please refer to our letter dated September 1, 2017 in the matter whereby it had been informed by the Company that pursuant to a meeting of the Joint Lenders Forum (JLF), a Corrective Action Plan as a part of S4A scheme of restructuring had been recommended for the Amravati Thermal Power Project with effect from August 24, 2017.
Further to the above we wish to inform you that subsequent to the conclusion of various studies including the Techno-economic viability study and the Forensic Audit, the JLF has, as the next step in the process, submitted the S4A Scheme to the Overseeing Committee constituted by the RBI, for its consideration.
The Company shall keep the Exchange and thereby the public, updated about further developments in the matter, as and when these happen. |
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