Power companies breathe easy as government plans loan recast.

Power companies like Tata Power, Adani Power, Reliance Power and others breathe easy as government plans loan recast.

A big relief is on the cards for power companies such as Tata Power, Adani Power, Reliance Power and Essar Power whose plants are in trouble, and their lenders who are worried about loans worth Rs. 2 lakh crore to the sector. The government is working out a plan to restructure the loans, extend repayment deadlines by three years and waive penalties, officials said.

The Economic Times