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IDBI Bank-led consortium puts power plant for sale

IDBI Bank-led consortium puts power plant for sale
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A consortium of lenders led by IDBI Bank has put on sale a 540 MW coal-based power plant in Maharashtra owned and operated by Sai Wardha Power Generation, according to a bid document. The plantÂ’s total debt outstanding, as on March 31, stood at Rs 33.49 billion, of which IDBIÂ’s exposure was 41 per cent, or Rs 13.67 billion.

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