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May 05,2023

Vedanta and Torrent, market giants are also competing for coastal energen.

According to two people familiar with the situation, Vedanta, Torrent Power, Jindal Power, and foreign investment fund Dickey Alternative Investment Fund are among 18 entities interested in acquiring Coastal Energen, a power-producing company in insolvency. A strained liquidity position of Coastal energen resulted from Tamil Nadu Generation and Distribution Corporation's delayed payments.

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