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NTPC wins bid for Avantha Group's power plant in Madhya Pradesh: Report

07 Jan 2020 Evaluate

NTPC has reportedly won the bid for Avantha Group's power plant in Madhya Pradesh, with a Rs 1,900 crore offer. The company’s bid was about two and-a-half times more than Adani Power’s offer of Rs 750 crore. This is the first time NTPC has bid for a stressed project.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.

Peers
Company Name CMP
NTPC 320.30
Tata Power 352.20
Adani Power 197.85
Power Grid Corpn. 258.00
Adani Energy Solut. 1354.10
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