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Aditya Birla ARC buys distressed debt of a coal-fired power plant in Chhattisgarh

By Beena Parmar

  • 27 May 2021
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Aditya Birla ARC buys distressed debt of a coal-fired power plant in Chhattisgarh
Credit: 123RF.com

Aditya Birla Asset Reconstruction Company (ARC) has snapped up debt worth Rs 2,500 crore (about $344 million) of a firm that owns a coal-fired power plant, two people told VCCircle.  KSK Mahanadi Power Company Ltd, which owns the plant in Chhattisgarh, is undergoing bankruptcy resolution. Of the total Rs 2,500 crore, ......

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