This compensation has been granted in respect of the 1.320MW Power Purchase Agreement (PPA) on September 8, 2008, signed by APML with the Maharashtra Electricity Distribution Co. Ltd. (MSEDCL), for its power plant at Gondia, Maharashtra.
Reports suggested that the two parties are in advanced talks regarding the transaction, the fintech firm being One97 Communications, parent company of Paytm, citing Rana Kapoor's interview with Reuters.
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