Bankers are hoping to resolve at least four troubled power plants by end-December, even as as the Supreme Court resumes the hearing on stressed power assets on Wednesday. Among those units for which bankers are expecting to find buyers is the GMR Chhattisgarh Energy.
According to persons in the know, Adani Power is a frontrunner for this unit, having reportedly offered to take over Rs 3,800 crore of sustainable debt but the Gujarat government-owned genco is also understood to have thrown its hat in the ring.
Bankers said they were working to restructure the debt of GMR Rajamundry Energy, a gas-based power plant. Read More
Latest posts by Financial Express (see all)
- Government scraps aid to 53 small hydro power projects - May 25, 2019
- Kerala floats e-bus tenders, eyes Centre’s subsidy - May 25, 2019
- Adani Green to raise 500 million dollar in green bonds - May 25, 2019