Monday 25 June 2018

Abandoned power plant a $38 billion warning sign for banks

“It is the largest bad-loan risk in the country,” said Vinayak Bahuguna, chief executive officer of Asset Reconstruction Co. of India Ltd., the firm which bought the Jharkhand plant from its creditors in 2015, about two years after construction stopped.

from Times of India https://ift.tt/2KpH4Kx
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