The company has a coal-based captive power plant of 63 MW capacity at Gummudipoondi near Chennai. It is learnt that the mortgage lender will opt for 'limited preference' route whereby a maximum of five investors can participate.
Diamantaires Nirav Modi and his uncle Mehul Choksi are accused of cheating the Punjab National Bank of over Rs 13, crore by obtaining Letters of Undertaking guarantee to overseas banks for credit facility fraudulently. All rights reserved.
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