Rangunathpur thermal power station that is a stressed asset of the Damodar Valley Corporation (DVC) has been identified by NLC India for acquisition.

NLC India Chairman, SK Acharya has said that “Apart from DVC, which was identified one year back, now the due diligence process is going on for one more asset that is GMR Chhattisgarh Energy.”

He added that DVC’s matter had been taken up one year back but NLC is still waiting for the approval from concerned corner.

He further said that Damodar Valley Corporation being government asset, we will be going by the valuation of Central Electricity Regulatory Commission (CERC).

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