June 24, 2018 1:52 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Abhijeet Power Ltd.

Company Overview

Abhijeet Power Limited operates as a power project development company in India. It is developing 3 thermal power projects with a combined installed capacity of 2,671.6 mega watts in the states of Maharashtra, Jharkhand, and Bihar. The company intends to sell the power generated to long, medium, and short term PPAs; state owned and private distribution companies; private power trading companies; and industrial consumers. It is also involved in coal and steel trading activities. The company was formerly known as Abhijeet Infrastructure Capital Limited and changed its name to Abhijeet Power Limited in November 2010. The company was incorporated in 2002 and is based in Nagpur, India. Abhijeet P...

6th Floor

Landmark Building

Wardha Road

Ramdaspeth

Nagpur,  440010

India

Founded in 2002

Phone:

91 71 2301 1400

Fax:

91 71 2301 1405

Key Executives for Abhijeet Power Ltd.

Managing Director and Director
Age: 39
Chairman
Age: 62
Chief Financial Officer
Age: 48
Non-Executive Director and Managing Director of Jipl
Age: 68
General Manager of Accounts
Age: 52
Compensation as of Fiscal Year 2017.

Abhijeet Power Ltd. Key Developments

Andhra Bank And Allahabad Bank Seeks To Sell Bad Loans

Andhra Bank (BSE:532418) and Allahabad Bank (BSE:532480) have put up for sale nearly INR 60 billion of bad loans amid mounting pressure on state-run lenders to clean their books. While Andhra Bank wants to sell off more than 100 accounts adding to about INR 40 billion of loans, Allahabad Bank has invited bids for 73 accounts with outstanding loans of INR 20 billion. The assets on sale include Seven Hills Healthcare Pvt. Ltd., VISA Power Limited, VISA Steel Limited, L&T Chennai Tada Toll Road, K. S. Oils Limited, Transstroy (India) Limited and a few of its associate companies Maheshwari Ispat and Abhijeet Power Ltd. two senior executives told ET. Nearly two dozen asset reconstructions companies or ARCs will participate in bidding for the bad loans on offer, they said on condition of anonymity. This is the first auction of bad loans by the two commercial banks after the Reserve Bank of India revised norms for sale of bad loans, which came into effect since the beginning of this financial year and are designed to ensure that ARCs have skin in the game.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
Tax Management Inc United States
John F. Kennedy Center For The Performing Arts United States
NYC2012, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Abhijeet Power Ltd., please visit www.abhijeet.in. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.