Independent experts Duff & Phelps and PricewaterhouseCoopers have revised the liquidation value of Bhushan Power & Steel upwards to Rs 20,000 crore, almost double their initial estimates, barely two weeks ahead of a deadline for submission of final bids for the bankrupt company, according to people briefed on the matter.
The revision takes into consideration a neardoubling of production capacity at the company’s Odisha plant, the people said. Both firms, which evaluated Bhushan Power & Steel’s assets separately, appear to have missed the allocation of funds towards the ramp-up in capacity, according to people in the know. Read More…
Latest posts by The Economic Times (see all)
- HyET Solar eyes manufacturing 300 MW solar panels in India - January 18, 2019
- RIL first Indian private firm to post Rs 10,000 crore quarterly profit; 10 takeaways from Q3 earnings - January 17, 2019
- BHEL to set solar based EV chargers - January 17, 2019