Avantha Power & Infrastructure (APIL) has filed its draft red herring
prospectus with the Securities and Exchange Board of India for an IPO to raise
Rs 1,250 crore.
APIL is setting up two coal based power plants of capacity 600 MW each at
Seoni in
Madhya Pradesh and Raigarh in Chhattisgarh. The company has already signed
agreements for doubling the capacities at each of these locations.
APIL has four existing captive thermal power plants. These plants are located
in Bhigwan, Ballarpur (both in Maharashtra), Yamunanagar (Haryana) and Sewa (Orissa).
Also See:
Avantha Power to raise funds for power projects (13-Nov-09)