{"id":447498,"date":"2021-11-05T10:40:50","date_gmt":"2021-11-05T05:10:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=447498"},"modified":"2021-11-05T11:52:32","modified_gmt":"2021-11-05T06:22:32","slug":"tata-power-highest-bidder-for-up-transco-with-%e2%82%b93000-crore-offer","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-highest-bidder-for-up-transco-with-%e2%82%b93000-crore-offer\/","title":{"rendered":"Tata Power highest bidder for UP Transco with \u20b93,000-crore offer"},"content":{"rendered":"<p>Tata Power NSE 1.11 % has emerged the highest bidder for South East UP Power Transmission Company, beating four other bidders with a \u20b93,000-crore offer to buy the transmission firm under insolvency process, multiple people aware of the matter told ET. Tata Power had submitted a final bid on October 30 through its subsidiary Resurgent Power Ventures.<\/p>\n<p>Adani Group, Anil Agarwal&#8217;s Sterlite Power, Power Grid Corporation of India Ltd and REC Power Development and Consultancy had also submitted final bids.<\/p>\n<p>&#8220;We are going ahead with the Tata bid as it is the best offer,&#8221; an executive involved in negotiations on behalf of the lenders consortium that is in control of the company told ET on condition of anonymity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Power NSE 1.11 % has emerged the highest bidder for South East UP Power Transmission Company, beating four other bidders with a \u20b93,000-crore offer to buy the transmission firm under insolvency process, multiple people aware of the matter told ET. Tata Power had submitted a final bid on October 30 through its subsidiary Resurgent Power Ventures. Adani Group, Anil Agarwal&#8217;s Sterlite Power, Power Grid Corporation of India Ltd and REC Power Development and Consultancy had also submitted final bids. &#8220;We are going ahead with the Tata bid as it is the best offer,&#8221; an executive involved in negotiations on [&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-447498","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\/447498","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=447498"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447498\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=447498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=447498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=447498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}