NTPC eyeing JP Power, RattanIndia assets?

Reports of NTPC considering buying power plants run by indebted RattanIndia Power and Jaiprakash Power Ventures will keep the shares of these companies in focus. A Bloomberg report quoting sources said NTPC is doing an internal assessment of RattanIndia’s plants at Nasik and Amravati and Jaiprakash’s Nigrie plant (Madhya Pradesh). NTPC will consider bidding if the creditors to these firms decide to move bankruptcy court after failing to resolve debt issues.