Billionaire Sajjan Jindal’s JSW Energy is no longer interested in acquiring bankrupt Monnet Power, a senior company executive told CNBC-TV18 on Thursday. Monnet Power, which owns and operates coal fired thermal power plant in Odishs
Monnet Power, which is facing bankruptcy proceedings, has received expressions of interest from five companies, said two senior officials. Jindal Steel, ACB India, Sterlite Power Transmission,
Bankrupt Monnet Power appears headed to liquidation with no bidder turning up on the final day to submit bids, which also raises questions about faith in the administration’s ability to resolve the stress in the sector, said two people familiar with the matter.