KSK lenders to sell company's two arms to Medha Servo Drives

Lenders have decided to sell two key ancillary companies of KSK Mahanadi Power to Medha Servo Drives, choosing them over Adani Power, the highest bidder. The ancillary companies, Raigarh Champa Rail Infrastructure and KSK Water Infrastructure, are critical for operating the 1,800-megawatt plant. Medha Servo offered to pay almost all dues to lenders, receiving the highest requisite vote. The plan is pending approval from the NCLT.