India Power Corporation

Indian states and union territories (UTs) owe over Rs 1 trillion to the gencos and Rs 62,931 crore to the discoms

The bids were called earlier this year for Western, Southern and Northern Electricity Supply Companies, namely WESCO, SOUTHCO and NESCO.

Currently, IPC's generation capacity stands at 1,650 Mw

The company wants to acquire 3-4 stressed thermal plants in the near future

IPC will be buying the 89% stake held by France-based Engie