Vedanta makes $364m bid for stressed Chhattisgarh power plant
Vedanta has submitted the highest bid at Rs2,500 crore ($364 million) for GMR's stressed power asset, the 1,370MW thermal power plant in Raikheda, Chhattisgarh. An Axis Bank-led group of lenders has a 52% stake in the asset after converting some of the Rs7,500 crore debt into...