Vedanta outbids JSPL for Athena.

Anil Agarwal-promoted Vedanta has emerged as the highest bidder for bankrupt Athena Chhattisgarh Power Ltd., outbidding Naveen Jindal's Jindal Steel & Power Ltd. (JSPL) in an auction process that ran for 28 hours, two people aware of the development told ET.

Resources conglomerate Vedanta's final offer of ₹565 crore was much higher than the staggered payment of ₹400 crore it had offered under the corporate insolvency and resolution process (CIRP).

ET