Published On:June 3 2014
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Jaypee Power Ventures, Lanco Infratech, GMR Infrastructure, queue up to sell power assets to NTPC.
Local power producers, including Jaypee Power Ventures, Lanco Infratech, GMR Infrastructure, and iron ore miner Sesa Sterlite have offered to sell some of their power plants to India's largest power producer NTPC as lenders put pressure on them to divest assets to slash debt, according to two people with direct knowledge of the development. State-owned NTPC has received more than 30 offers in response to its offer, known in industry parlance as expression of interest (EoI), made in April to purchase coal-fired power plants.
ET