NTPC outbids Adani for Avantha’s MP plant

State-run NTPC’s offer is also the highest on a per-megawatt basis so far to buy out a stressed asset in the power sector. The thermal power producer undergoing bankruptcy proceedings owes more than Rs 5,000 crore to lenders, who could recover 38% of their loans if they accept the NTPC offer.

from Energy-Industry-Economic Times https://ift.tt/2N1XKb3