India Power eyeing acquisitions in thermal power projects

India Power eyeing acquisitions in thermal power projects

India Power Ltd will explore acquisitions preferably for thermal power projects, Chairman, Hemant Kanoria said. The company is also open for acquisitions in the renewable sector.

According to Kanoria, the company would look at using its expertise and its “strong team” to restructure such loss-making projects.

“We are open to acquisition of stressed assets in the thermal power generating units,” he said during a press meet.

Kanoria also announced that his son, Raghav Raj, will be taking over as the Managing Director of the company. Read More…

Credit By: The Hindu Business Line

Leave a Reply

Your email address will not be published.