ReNew Power Ltd, India’s largest clean energy company, and state-run power utility NTPC Ltd have shown interest in the ongoing sale process of PTC India Ltd’s wind power business, said two people aware of the development, requesting anonymity. “ReNew Power and NTPC have been involved in talks with the company for the last few weeks and the two are expected to soon submit binding bids for acquiring the assets. One or two other financial investors could also put a binding bid for the assets,” said the first person cited above.
The sale could fetch a valuation of around Rs.2,000 crore, he said. The investment banking arm of KPMG is managing the sale process, the person added. The process had also seen interest from other buyers such as the local arm of CLP Holdings Ltd, Macquarie Infrastructure and Real Assets (MIRA) and Hero Future Energies.