{"id":309147,"date":"2020-01-07T11:45:21","date_gmt":"2020-01-07T06:15:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=309147"},"modified":"2020-01-07T11:45:21","modified_gmt":"2020-01-07T06:15:21","slug":"ntpc-outbids-adani-for-avanthas-mp-plant","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ntpc-outbids-adani-for-avanthas-mp-plant\/","title":{"rendered":"NTPC outbids Adani for Avantha\u2019s MP plant"},"content":{"rendered":"<p>NEW DELHI: NTPCNSE 1.39 % has outbid the Adani Group for the Avantha Group\u2019s 600 MW Jhabua power plant in Madhya Pradesh, with a Rs 1,900-crore offer that was two and-a-half times more than the rival bid, people in the know said.<\/p>\n<p>State-run NTPC\u2019s offer is also the highest on a per-megawatt basis so far to buy out a stressed asset in the power sector. The thermal power producer undergoing bankruptcy proceedings owes more than Rs 5,000 crore to lenders, who could recover 38% of their loans if they accept the NTPC offer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: NTPCNSE 1.39 % has outbid the Adani Group for the Avantha Group\u2019s 600 MW Jhabua power plant in Madhya Pradesh, with a Rs 1,900-crore offer that was two and-a-half times more than the rival bid, people in the know said. State-run NTPC\u2019s offer is also the highest on a per-megawatt basis so far to buy out a stressed asset in the power sector. The thermal power producer undergoing bankruptcy proceedings owes more than Rs 5,000 crore to lenders, who could recover 38% of their loans if they accept the NTPC offer.<\/p>\n","protected":false},"author":39,"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-309147","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\/309147","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=309147"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/309147\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=309147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=309147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=309147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}