"Adani Power Wins Bid for Stressed KSK Mahanadi Project at ₹27,000 Crore"

Adani Power has emerged as the top bidder for the distressed 1,800 megawatt (MW) KSK Mahanadi thermal power project in Chhattisgarh, with a bid of ₹27,000 crore, according to a report by The Economic Times. This bid ensures a 92% recovery for the lenders involved.

The KSK Mahanadi project is currently under insolvency proceedings at the National Company Law Tribunal (NCLT). By Thursday evening, a total of 10 financial bids had been received for the project, with notable bidders including Coal India, NTPC, Vedanta, JSW Energy, and Capri Global Holdings.

BS