Mumbai: Jindal Power, Vedanta and Havells India are among 22 prospective bidders that have submitted expressions of interest (EoIs) to acquire debt-laden Gupta Power Infrastructure, which has admitted debtor claims of ₹4,240 crore and is undergoing insolvency proceedings, people aware of the development told ET. The company, which is a manufacturer of cables, wire rods, and conductors, is being resolved under the corporate insolvency resolution process (CIRP). Other interested bidders include UltraTech Cement, Waaree Energies, Torrent Electricals and Himadri Speciality Chemical, Orissa Metaliks and ABCI Infrastructures. The deadline for submission of resolution plans is February 20.
Some bidders have come as consortium partners….