Lenders of KSK Mahanadi Power plan new auction after Adani’s Rs 270 billion bid

Lenders of the bankrupt KSK Mahanadi Power Company, which operates a 3,600 MW coal-based power plant in Chhattisgarh, are planning another auction round in early September. This decision follows the Adani Group emerging as the highest bidder with an offer of Rs 270 billion. Competing bidders will be allowed to surpass Adani’s offer in this new auction. KSK Mahanadi currently has three operational units of 600 MW each, with additional units under construction. In the…