GVK Power lists potential bidders for energy and related assets under CIRP

GVK Power and Infrastructure Limited, which is undergoing the Corporate Insolvency Resolution Process (CIRP), has issued a provisional list of prospective resolution applicants for its assets, categorised into five groups, according to a filing with the stock exchanges.

The categories include the corporate debtor as a going concern, its full ownership in GVK Perambalur SEZ Private Limited, a 1.75% stake in GVK Airport Developers Limited, complete ownership of GVK Energy Limited, and the corporate debtor excluding the stakes in these three entities. GVK Energy, which is also in CIRP following a National Company Law Tribunal order dated 6 May 2025, operates combined cycle, coal-based thermal, and hydro power projects.

The filing shows that Jindal Power Limited and Hindustan Thermalprojects Limited have expressed interest in all asset categories. For the Category IV assets involving GVK Energy, Jindal India Power Limited and Unison Hotels Private Limited are listed as applicants. Other energy-linked bids include Winwind Power Energy Private Limited, along with VKS Family Trust and PKS Family Trust, for Category II, which covers GVK Perambalur SEZ.