PTC India is expected to buy equity in Avantha Power & Infrastructure Ltd for INR 125 crore. The equity subscription agreements are likely to be concluded soon.

The company has four captive thermal power plants at Bhigwan and Ballarpur, in Maharashtra; Yamunanagar in Haryana and Sewa in Orissa each with a generation capacity of 95 MW.

Avantha Power plans to build thermal power plants with 600 MW capacities, in Madhya Pradesh and Chhattisgarh in the next three years.

(Sourced from Project Today)