Ballarpur Industries and BILT Graphic Paper Products hold stake in APIL
Ballarpur Industries announced that the Company and its step down subsidiary, BILT Graphic Paper Products are equity shareholders of Avantha Power & Infrastructure (APIL). Korba West Power Company (KWPCL) is a subsidiary of APIL.Further the Company has informed that, APIL has signed a Memorandum of Understanding with Adani Power for sale of its entire shareholding in KWPCL. KWPCL has a commissioned coal based thermal power plant of 600 MW and is valued in excess of Rs. 4,200 crore. APIL is company promoted by Avantha Holdings, Crompton Greaves and the Company.
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