Adani Power, Adaro, NLC in race to buy some IL&FS assets


Adani Power, Adaro, NLC in race to buy some IL&FS assets

Indonesian coal miner Adaro, Adani Power and state-run NLC India are among a dozen companies that have expressed interest in buying IL&FS Tamil Nadu Power and related assets of the debt-laden IL&FS group, two people familiar with the matter said.

Along with the thermal plant in Cuddalore, the group is looking to sell its stake in a captive port associated with the power company. Also on the block is a Singapore-based investment vehicle, ILFS Maritime Offshore Pte Ltd, which owns a coal mining company in Indonesia.

The power plant currently has a capacity to produce 1,200-MW, which can be increased by another 2,700 MW. Read More

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