State Bank Of India

State Bank of India (SBI) led consortium has invited bids to sell 51% stake in Jindal India Thermal Power (JITPL) located in Odisha. The consortium of 17 lenders had a total loan exposure of Rs 5,902.43 crore in JITPL as on June 30, 2017. SBI has the highest exposure of Rs 1,413.89 crore; followed by Punjab National Bank Rs 985.38 crore; Axis Bank Rs 584.89 crore; ICICI Bank Rs 406.05 crore and Bank of Baroda Rs 337.01 crore etc.

JITPL, a B C Jindal group company, was formed in 2001 as a special purpose vehicle for development of coal based thermal plant located in Angul district of Odisha. 

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