NTPC, Adani Group, among bidders for SKS Power
Distressed power producer SKS Power has received 7 bids for its takeover. Among the bidders are Reliance Industries and the Adani Group. The Chhattisgarh-based power company owes Rs 1,890 crore to two lenders, Bank of Baroda and State Bank of India.
The 600-megawatt (MW) coal-based plant, in working condition, had invoked interest from 23 entities. Lenders had extended the deadline to submit final bids four times after some bidders sought more time.
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