Piramal Enterprises Limited (BSE:500302) and private equity fund Bain Capital Credit's distressed asset investment platform reportedly plans to acquire KSK Energy Ventures Limited (BSE:532997)'s partially commissioned 3,600 megawatts (MW) power plant in Chhattisgarh. There has been a growing interest in the stressed assets space, given the promise of competitive valuations. "The distressed asset platform announced by Piramal Enterprises and Bain Capital is in talks to acquire the Mahanadi power plant," said a person aware of the development, requesting anonymity.

Another person who didn't want to be named confirmed that "the Mahanadi project is up for sale."