Avantha Power & Infra files papers for Rs 1250 crore IPO
Avantha Power & Infrastructure, a part of the Avantha Group, has filed draft red herring prospectus (DRHP) with the Securities Exchange Board of India, say reports.
By ET Bureau |
MUMBAI: Avantha Power & Infrastructure, a part of the Avantha Group, has filed draft red herring prospectus (DRHP) with the Securities Exchange Board of India, say reports. The company plans to raise around to Rs 1,250 crore via the public issue.
Avantha Power & Infrastructure Limited (formerly BILT Power Limited) has four captive thermal power plants (CPPs) with an aggregate capacity to generate 165 MW. These plants are located in Bhigwan, Ballarpur (both in Maharashtra), Yamunanagar (Haryana) and Sewa (Orissa).
Two independent power producer plants (IPPs) of capacity 600 MW each are being set up at Seoni, Madhya Pradesh and Raigarh, Chhattisgarh. Agreements for doubling the capacities at each of these locations have already been signed. Enam Securities, Kotak Mahindra, Citigroup and Axis Bank are the book running lead managers to the issue.
Avantha Power & Infrastructure Limited (formerly BILT Power Limited) has four captive thermal power plants (CPPs) with an aggregate capacity to generate 165 MW. These plants are located in Bhigwan, Ballarpur (both in Maharashtra), Yamunanagar (Haryana) and Sewa (Orissa).
Two independent power producer plants (IPPs) of capacity 600 MW each are being set up at Seoni, Madhya Pradesh and Raigarh, Chhattisgarh. Agreements for doubling the capacities at each of these locations have already been signed. Enam Securities, Kotak Mahindra, Citigroup and Axis Bank are the book running lead managers to the issue.
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