videos | IST

SBI led consortium selects 11 power plants for acquisition by new owners

An SBI led consortium of bankers has shortlisted 11 power plants for acquisition by new owners under the Samadhan scheme; the name given to SBI's scheme of asset management and debt change structure.
The power plants include Lanco Infratech's Anpara project in Uttar Pradesh and Jaypee Power Ventures' Nigrie project in Madhya Pradesh. Other projects under Samadhan belong to Jindal India Thermal Power, KSK Mahanadi and IND Barath Utkal.
The RBI's stressed asset regulations require that resolution be reached in 180 days after which the assets will face liquidation. So if the Samadhan scheme fails to attract buyers for these plants, they may go into liquidation in September.