This is the first successful scheme to have been closed under the RBI's Prudential Framework for resolution of Stressed Assets of 07 June 2019 and the largest in terms of size outside the NCLT framework attracting global investors without any change in the existing management.

This first of its kind transaction in which foreign investors have replaced Indian lenders through a process of resolution outside the NCLT framework has opened new doors for fresh capital to flow into the distressed Indian power sector. While most deals in the power sector, resolved under the NCLT framework in the past have been settled at Rs. 1.2-1.5 crore per MW, this transaction closed at Rs 3 crore per MW has unlocked greater value and win-win for all stakeholders.