Large conglomerates are looking to snap up distressed power assets

Mint 2018-02-16

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Anticipating a turn in the operating environment for the troubled power sector, large conglomerates are looking to snap up distressed power assets at reasonable valuations. Tata Group, Adani Group, JSW Group and Hinduja Group are some of the conglomerates that are looking at buying out power assets to increase the capacity without setting up greenfield route, according to three person close to the development.

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