Adani, Jindal Power, Sterlite and GMR pull out of UMPPs race.

Adani, Jindal Power, Sterlite and GMR have pulled out of the race for ultra mega power projects in Odisha and Tamil Nadu, leaving only state-run NTPC in the fray for the proposed 4,000 MW size plants.

'Adani, Jindal Power, Sterlite and GMR had purchased RFP (Request for Proposal) documents but the four have now submitted letters to PFC stating that they are withdrawing from the further bid process,' an official said.

Only NTPC is left in the fray now for these proposed plants, he added.

Power Finance Corporation (PFC) is the nodal agency for UMPPs in the country.

The official, however, did not specify the reason for withdrawal.

ET