KSK Mahanadi Power receives EoI from many firms

KSK Mahanadi Power Limited has reportedly received expressions of interest (EoI) from a Vedanta entity, Adani Power, Jindal Power, Jindal Polymer, Power Finance Corporation (PFC) and iLabs India Special Situation Fund.

Apart from these, other companies which have submitted EoIs are Medha Servo Drives, Riddhi Siddhi Gluco Biol, Medha Engineering, Alchemist Asset Reconstruction Company in partnership with Cygnet Projects, Invest ARC and Prudent ARC promoter RKG Fund II. The State Bank of India has set a reserve of Rs 14.23 billion for its principal overdue of Rs 41.01 billion from KSK Mahanadi Power. The bank has invited EoIs by December 6, 2021 for an all-cash auction. The last day for firm bids is December 30, 2021.

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