{"id":260783,"date":"2019-02-23T05:24:37","date_gmt":"2019-02-23T05:24:37","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=260783"},"modified":"2019-02-23T05:32:21","modified_gmt":"2019-02-23T05:32:21","slug":"adani-power-adaro-nlc-in-race-to-buy-some-ilfs-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-power-adaro-nlc-in-race-to-buy-some-ilfs-assets\/","title":{"rendered":"Adani Power, Adaro, NLC in race to buy some IL&amp;FS assets"},"content":{"rendered":"<p>MUMBAI: Indonesian coal miner Adaro, Adani PowerNSE 0.76 % and state-run NLC India are among a dozen companies that have expressed interest in buying IL&amp;FS Tamil Nadu Power and related assets of the debt-laden IL&amp;FS group, two people familiar with the matter said. <\/p>\n<p>Along with the thermal plant in Cuddalore, the group is looking to sell its stake in a captive port associated with the power company. Also on the block is a Singapore-based investment vehicle, ILFS Maritime Offshore Pte Ltd, which owns a coal mining company in Indonesia. <\/p>\n<p>The power plant currently has a capacity to produce 1,200-MW, which can be increased by another 2,700 MW. The captive port, Porto Novo Maritime, is used for the import and transfer of coal to the plant. Arpwood and JM FinancialNSE -0.13 % are advising on the bids while Alvarez &amp; Marsal is its resolution consultant. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Indonesian coal miner Adaro, Adani PowerNSE 0.76 % and state-run NLC India are among a dozen companies that have expressed interest in buying IL&amp;FS Tamil Nadu Power and related assets of the debt-laden IL&amp;FS group, two people familiar with the matter said. Along with the thermal plant in Cuddalore, the group is looking to sell its stake in a captive port associated with the power company. Also on the block is a Singapore-based investment vehicle, ILFS Maritime Offshore Pte Ltd, which owns a coal mining company in Indonesia. The power plant currently has a capacity to produce 1,200-MW, which [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-260783","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/260783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=260783"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/260783\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=260783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=260783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=260783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}