In a first, Singapore based Agritrade Resources has acquired SKS Power Generation (Chattisgarh) in a one-time settlement of Rs.21.70 billion with its lenders. The settlement is for all the outstanding debt to State Bank of India, L&T Infrastructure Finance Company Limited and PTC (India) Financial Services. Agritrade is a diversified energy provider with strong expertise in coal and renewable energy. Agritrade provides solutions for sustainable mining, cleaner coal and affordable energy access.

(Business Standard)