Jindal Power offers Rs 4,203 crore for distressed coal-fired power plant
Adani Power had last month quoted 41 billion rupees ($493.38 million) for the 1,980-megawatt power plant in central India ensnared in insolvency proceedings
 "Coking Coal")
Photo: Shutterstock
Listen to This Article
India's Jindal Power has offered 42.03 billion rupees ($505.77 million) for a distressed coal-fired power plant, the company told the insolvency court on Wednesday, topping an offer made by billionaire Gautam Adani's power firm.
Adani Power had last month quoted 41 billion rupees ($493.38 million) for the 1,980-megawatt power plant in central India ensnared in insolvency proceedings.
Jindal Power, a unit of Jindal Steel and Power, had last week asked India's insolvency court to allow it to participate in an auction for the Amarkantak project.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jan 17 2024 | 5:36 PM IST