InvestorQ : What is the price that NTPC paid for the Avantha power plant?
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What is the price that NTPC paid for the Avantha power plant?

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4 weeks ago
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NTPC Ltd acquired the stressed Jhabua thermal project of Avantha group for Rs1,830 crore. The Jhabua was formerly owned by the Gautam Thapar, which had defaulted to its operational creditors, forcing the referral to NCLT. This is the first NTPC acquisition via the IBC method.

The payment of Rs1,830 crore will give NTPC 50% stake in the Jhabua project while the lenders will own the other 50%. Jhabua had been referred to NCLT in May 2019 after the Rs35 crore default to operational creditors. NTPC is expected to drive the turnaround process at Jhabua.

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