JSW, Adani, others express interest in Avantha Power arm

JSW, Adani, others express interest in Avantha Power arm

Avantha Group’s Jhabua Power, which is undergoing insolvency proceedings, has received expressions of interest from JSW, Adani Power, National Thermal Power Corporation (NTPC) and Tata Power-backed Resurgent Power, said people directly briefed on the matter.

IL&FS completes wind power units sale to Orix for RS 4,800 crore

IL&FS completes wind power units sale to Orix for RS 4,800 crore

Bankrupt infra major IL&FS on Thursday completed the sale of its 51 percent stake in seven wind power special purpose vehicles to Orix Corporation of Japan for Rs 4,800 crore. With this, Orix, which previously owned 49 percent in each of these seven projects, now has 100 percent ownership, the company said in a statement.

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