IFCI announced that it has made an exit from the following two large exposures in thermal power sector in the last fortnight :-
(i) Monetisation of an investment in 1600 MW coal based thermal power project (the largest project equity investment) - generating upside of more than t300 crore on the investment of Rs 432.72 crore. In this fiscal year, IFCI realized Rs 745.29 crore; and
(ii) Resolution of largest NPA having an exposure to 450 MW gas based thermal power project- adopting open bidding under Swiss Challenge method. The auction was conducted with Reserve Price of Rs 427.50 crore and IFCI realized Rs 428.61 crore.
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