Jindal Power, Vedanta and CESC in race for Hiranmaye Energy's ₹1,300 crore assets

Eight companies, such as Jindal Power, Vedanta, and CESC, are vying to acquire Hiranmaye Energy in auction. The Kolkata-based thermal power producer has a reserve price of ₹1,300 crore. The company owns three units, with two operational. It has a 25-year agreement with the West Bengal government for power purchase and coal supply from Coal India.