GVK Energy Insolvency: Vedanta, Adani, JSW in race for asset purchase
Big names like JSW Energy, Adani Power, and Vedanta are in the race to acquire the assets of GVK Energy, which is undergoing insolvency proceedings. Around 12 firms are in the race to acquire GVK Energy's 330 MW Alaknanda hydro power project in Uttarakhand.
The firm owes lenders Rs 9,757 crore in direct and indirect exposure. Other firms in the race are: Torrent Power and Jindal Steel & Power, among others.
Also Read: Residential Property Worth Over Rs 23 Crore Bought By GVK Promoter