The 445 MW natural gas-based power plant of Konaseema Gas Power Limited (KGPL) is set to be auctioned on June 20, 2025, as part of the company’s liquidation process under the Insolvency and Bankruptcy Code (IBC). The auction notice, issued by the liquidator, will be published in newspapers on June 23, 2025, and interested bidders have until June 20 to submit their Earnest Money Deposit (EMD).
The reserve price for the asset is Rs 227.61 crore, with an EMD amount of Rs 5 crore. The auction will be conducted via the e-BKray platform at https://ibbi.baanknet.com.
Background
Konaseema Gas Power, incorporated on July 10, 1997, operates a 445 MW Combined Cycle Power Plant at Ravulapalem in Dr. B.R. Ambedkar Konaseema…
