IEDCL

IEDCL sold 27.75 per cent of its stake in Urjankur Nidhi Trust, where Maharashtra Energy Development Agency has a 50 per cent stake and Shree Datta Shetkari Sakhar Karkhana Ltd holds 22.25 per cent.

The IEDCL default comes at a time when parent IL&FS itself has defaulted on repayments to SIDBI