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Adani Power is making a second attempt to acquire Chhattisgarh-based KSK Mahanadi Power

Adani Power is making a second attempt to acquire Chhattisgarh-based KSK Mahanadi Power
Adani Power is making a second attempt to acquire Chhattisgarh-based KSK Mahanadi Power
KSK Mahanadi project has 25-year power purchase agreements with electricity boards in Uttar Pradesh, Andhra Pradesh, Tamil Nadu and Gujarat.

Synopsis

The PFC-led consortium owns 80% in KSK Mahanadi Power after lenders converted a part of their Rs 21,000 crore of loans into equity.

NEW DELHI: Adani Power is making a second attempt to acquire KSK Mahanadi Power, a Chhattisgarh-based thermal power producer, after it failed to acquire the company two years ago, according to people in the know.The largest home-grown private sector thermal power producer is awaiting a formal request for proposal from a Power Finance Corporation-led consortium of banks to begin due diligence on the company, after submitting an expression of
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The Economic Times