Adani Power, Jindal Group companies, Vedanta in race for IL&FS Tamil Nadu Power

MUMBAI: Adani Power, Jindal Power and Vedanta Ltd are among a dozen companies that have expressed interest in acquiring IL&FS Tamil Nadu Power Corporation (ITPCL), one of the biggest assets under the IL&FS portfolio with debt of nearly Rs 10,000 crore.

IL&FS, as part of its resolution process, had recently invited expressions of interest (EoIs) to acquire a 92% stake in ITPCL held by IL&FS Energy Development Company (80%) and the group holding company (12%).