India Stressed Asset Revival: DVC's Ragunathpur Thermal Power Station

Last Modified: Wed Apr 22 2020 21:16:23 GMT+0530 (India Standard Time)
  • 1,320 MW
    Damodar Valley Corporation's 2 x 660 MW Ragunathpur Thermal Power Station located at Raghunathpur in Purulia district of West Bengal.
  • Jan 2016
    Both units commissioned but not operational.
  • Rs. 8,000 crore
    DVC's investment in the project.
  • Rs 21,000 crore
    DVC's long term debt as of Dec 2017.
  • Rs 800 crore
    Annual losses in terms of depreciation and interest costs.
  • 29 Dec 2017
    Consortium seeks interest from global and domestic players to offload equity. Vedanta Group, Torrent Power, Neyveli Lignite Corp, Adani Power and JSW Energy have put in final bids for the project.
  • 2016
    DVC, jointly owned by the Centre, West Bengal and Jharkhand, had reached an agreement with Neyveli Lignite Corp to transfer the power station to a joint venture.
  • 07 Dec 2017
    DVC scraps plan to sell plant to NLC India joint venture.