RattanIndia Power project: PFC seeks buyers for Rs 8,215-crore debt
Power Finance Corporation (PFC) on Thursday sought bids for consortium loans worth Rs 8,215 crore to RattanIndia Power’s (RIPL) 1,350-megawatt (MW) Amravati Thermal Power Project Phase I, as a plan to settle the loans with the promoter likely fell through.
The project’s liabilities include term loans of Rs 6,940 crore, working-capital loans worth Rs 815.5 crore and non-fund-based limits to the tune of Rs 459 crore, as on September 30. SBI Capital Markets (SBICaps) is handling the sale process on behalf of lenders.
