(T.E.T)
Lenders to the defunct infrastructure company Lanco Infratech have set ₹819 crore as enterprise value for the company’s 1200 MW thermal power plant in Uttar Pradesh (UP) as they hope to recover at least some dues from the Hyderabad-based group that is under liquidation.
In a joint lenders’ meeting last week, lenders have approved the enterprise value, which will form the base price when they seek bids for the power plant possibly later this month. All the lenders in the consortium have to approve the price for formal bids to be called.
“We already have initial interest from JSW Power, Hyderabad-based iLabs Group and also Manikaran Power. We are hoping for some recovery from this asset,” said a person involved in the sale.
