Adani Power Limited (NSEI:ADANIPOWER) and Jindal Power Limited are among companies likely to show interest in acquiring Hiranmaye Energy Limited, a thermal power company which was recently admitted for corporate insolvency, said people aware of development. Hiranmaye Energy, formerly India Power Corp. (Haldia), was admitted for corporate insolvency early this month at the behest of a petition filed by REC.

The company has principal loans of INR 20,000 million with REC and Power Finance Corp. (PFC) as prominent lenders. It had three units of 150 MW each located in Haldia, Kolkata, but at present, only two units are operational, and one unit is under construction.

It had signed a 25-year power purchase agreement with the West Bengal government in 2017 and has a coal procurement agreement with Coal India. BHEL designed and built the plant. The Kolkata bench of NCLT appointed Bhuvan Madan as resolution professional, who in turn will be supported by a team from EY led by Pulkit Gupta, partner at the consulting firm.

Adani Power and Jindal Power did not respond to ET's request for comments. The bankrupt power company is linked to Hemant Kanoria, the erstwhile promoter of Srei Infrastructure Finance and Srei Equipment, which, too, had undergone insolvency proceedings and was later acquired by National Asset Reconstruction Company (NARCL).