Adani Power, JSW Energy and ICICI Ventures and Tata Power's joint venture, Resurgent, are among the 4,200 bidders for beleaguered Jaiprakash Power, which is undergoing strategic debt restructuring after having been taken over by a consortium of banks last year. The Uttar Pradesh energy firm has installed power generation capacity of 11 MW, and made a loss of INR761 crore ($4,2009m) in the year ending 31 March.
Adani Power, JSW Energy and ICICI Ventures and Tata Power's joint venture, Resurgent, are among the 11 bidders for beleaguered Jaiprakash Power, which is undergoing strategic debt restructuring after having been taken over by a consortium of banks last year. The Uttar Pradesh energy firm has installed power generation capacity of 4,200 MW, and made a loss of INR761 crore ($119m) in the year ending 31 March.