After a lull, there may finally be some activity as far as the sale of stressed assets is concerned with banks all set to sign the deal for debt-ridden Adhunik Power. CNBC-TV18'S Ritu Singh gives more details.
Adhunik Power was taken over by the consortium under strategic debt restructuring (SDR) in December 2015.
The company seeks to acquire projects with generation capacity of around 400 MW. It plans to buy thermal power plants through its subsidiary India Power Corp (IPCL)
Adhunik Power and Natural Resources has received the environmental clearances for its Jharkhand project. It is now building 540 MW (megawatt) coal-fired independent power producer (IPP), said Arun Kedia, CFO of Adhunik Power in an interview with CNBC-TV18.