Reliance, Adani, Vedanta among companies in race for Bhadreshwar Vidyut – EQ Mag

Reliance Industries, Adani Power, Torrent Power, Vedanta and Jindal Power are among 14 companies that have shown interest in acquiring Gujarat-based Bhadreshwar Vidyut, which is undergoing insolvency, said people aware of the development.

This is the third bankrupt power producer for which two of the country’s largest corporate houses – Reliance Industries and the Adani Group – have shown interest. They had earlier offered resolution plans for SKS Power and Lanco Amarkantak Power, but both conglomerates did not aggressively pursue the bids, one of the persons cited above said…Read More…

Source: PTI