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News Topical, Digital Desk : Many big companies have joined the race to acquire GVK Energy. According to a report by Business Standard, sources say that 21 companies have filed Expression of Interest (EoI) for the acquisition of GVK Energy Limited. This company is currently undergoing insolvency proceedings. According to the report, the bidders include big companies like Adani Group, JSW Neo Energy, Jindal Power Limited, Vedanta Group, Torrent Power Limited and Sarda Energy and Minerals Limited. In August 2024, NCLT approved Sarda Energy's acquisition plan of SKS Power Generation.
What does GVK Energy do?
GVK Energy (GVK Power & Infrastructure Limited) is a large infrastructure company in India that works in the energy sector. The company is working in power generation. GVK Energy has been under heavy financial pressure for the last few years. The debt on the company has increased a lot and operational losses have been continuous. There is a loss of about Rs 834 crore in the June 2025 quarter. Both sales and profits have declined, making it difficult for the company to handle old debts and expenses.
Why is GVK Energy being sold now? The biggest reason for the sale of GVK Energy is the heavy debt and continuous losses on the company. In the past years, the company could not repay its debt on time. In 2024-25, the company had an outstanding loan of about Rs 18,000 crore and the interest also kept increasing continuously. The National Company Law Tribunal (NCLT) has declared the company bankrupt as it has failed to repay the loan of ICICI Bank and other lenders. GVK Energy is a subsidiary of GVK Power & Infrastructure Ltd., which is part of the GVK Group.
Stock Performance GVK Power & Infrastructure Ltd stock closed at Rs 3.64 with a gain of 1.96 per cent with an upper circuit. In the last one year, the company's stock has seen a decline of 44.93 per cent.
Read More: Why is the Tata Capital IPO not fully subscribed yet? Is this the real reason, not GMP?
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