NLC India has identified the Ragunathpur thermal power station which is a stressed asset of the Damodar Valley Corporation (DVC) for acquisition. The company has also shortlisted two suitable stressed power assets for more acquisition to augment their power generation capacity.
In an interview to CNBC-TV18, SK Acharya, Chairman of NLC India spoke about the acquisition and the latest happenings in the company.
"Apart from DVC, which was identified one year back, now the due diligence process is going on for one more asset that is GMR Chhattisgarh Energy," said Acharya.
He added that DVC's matter was taken up one year back but NLC is still waiting for the approval from concerned corner.
Damodar Valley Corporation being government asset, we will be going by the valuation of Central Electricity Regulatory Commission (CERC), he added.
The due diligence of GMR Chhattisgarh will take around three months, said Acharya.
Watch accompanying video for more details.
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