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Better resolution plan can be achieved if stressed power assets go to NCLT: JSW Energy

Updated : January 10, 2019 12:57 PM IST

Prashant Jain, joint managing director and CEO of JSW Energy, believes there will be a quicker and better resolution if the stressed power assets go to National Company Law Tribunal (NCLT).

In an interview with CNBC-TV18, Jain spoke about the latest happenings in the distressed asset sector and what their key focus areas will be for 2019.

Jain said that some of the asset lenders were planning to arrive at resolution outside the NCLT but "we saw only two assets resolved; one is Prayagraj and other is SKS".

"We are seeing lack of consensus among lenders," he said.

Talking about business, Jain said, “we are a growth oriented company and given the size of our balance sheet and financial gearing, we remain interested in some of the important assets whether in NCLT or outside NCLT.”

“We are interested in both renewable as well as in thermal space inorganically and we feel there are some good interesting assets,” he added.
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