Debt Recovery: Banks mull Guj genco offer to take over GVK Gautami

According to earlier media reports, GVK Group was in talks to sell two gas-based power projects with an installed capacity of 684 mw installed capacity to Andhra Pradesh power utilities so that it could settle its debt of around Rs 1,800 crore through an OTS --one time settlement.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2AkttxJ