CG Power seeks up to 2 years moratorium on loan repayments

“Under SBI’s leadership, once the company gets some priority funds and restoration of existing lines of credit, the operations can get to full swing,” Seshadri said. “We need to understand one thing here. This is a case of fraud on the company and not by the company. Money was taken out of a healthy company that was generating close to 300-400 cr of Ebitda.

from Energy-Industry-Economic Times https://ift.tt/2PYxTDc