Lenders rush for resolution of power cos
  • WebDesk BTVI
  • May 22 2019

At least three to four power companies are heading for resolution plans as banks await revised February 12 circular from the RBI. SKS Powers, Chhattisgarh has received a Rs 2,170 crore bid from Agritrade Resources. Ratan India has received a Rs 4,000 crore bid for its Amravati plant. Jaiprakash Power CoC has found a resolution. Banks are pushing for the resolution as the total debt of these companies stand at Rs 10,000 crore.