NEW DELHI: State-run NTPC Wednesday said its joint venture with Bharat Forge has initiated a voluntary liquidation process under Insolvency and Bankruptcy Code (IBC)."BF-NTPC Energy Systems (BF-NTPC), a 49:51 joint venture between NTPC and Bharat Forge, has initiated a voluntary liquidation process under IBC, 2016 in its extraordinary general meeting held on October 9, 2018," an NTPC statement said.BF-NTPC was incorporated on June 19, 2008 with an aim of taking up manufacturing of casting, forgings, fittings and high pressure piping required for power and other industries.As BF-NTPC has not commenced any business yet, both JV partners have decided to close down the company, it added.Bharat Forge is the majority partner in the JV.
from Economic Times https://ift.tt/2NxEyPJ
via IFTTT
Wednesday, October 10, 2018
Subscribe to:
Post Comments (Atom)
Orai is a city and a municipal board in Jalaun district in the Indian state of Uttar Pradesh. It is the district headquarters for Jalaun District.
No comments:
Post a Comment