Lenders Set to Seek Bids for Bankrupt Go First

27 Feb 2024 CW Team

In a crucial development, lenders are poised to invite bids for Go First, the airline undergoing insolvency proceedings. The decision to solicit bids marks a significant step in the resolution process and will shape the future of Go First, formerly known as GoAir.

Go First has faced financial challenges, leading to insolvency proceedings, and the move to seek bids underscores the efforts to revive and sustain the airline. Lenders, including creditors and financial institutions, are actively involved in the process, and the outcome of the bidding will play a pivotal role in determining the new ownership structure and the airline's path forward. This development is closely watched by stakeholders, including employees, investors, and the aviation industry at large, as it holds implications for the competitive landscape and the broader dynamics of the Indian aviation sector.

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

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Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..