# Tata Power JV wins bid for SEUPTCL under bankruptcy resolution

Resurgent Power Ventures Pte Limited, a joint venture backed by Tata Power, has been selected as the successful bidder for South East UP Power Transmission Company Limited under IBC proceedings. The enterprise value is over ₹6,000 crore.

- Type: Acquisition
- Announced: 2022-03-09
- Where: Uttar Pradesh, India
- Value: $790.0M (60.0B INR)
- Status: announced
- Products: transmission lines, substations
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Tata Power](https://endata.com/companies/14105.md) (investor)
- [Resurgent Power Ventures Pte Limited](https://endata.com/companies/61520.md) (acquirer)
- [South East UP Power Transmission Company Limited](https://endata.com/companies/61521.md) (target)

## Sources

- [livemint.com](https://www.livemint.com/companies/news/tata-power-s-singapore-jv-wins-bid-for-seuptcl-under-bankruptcy-resolution-11646843002813.html), 2022-03-09: "Tata Power-backed joint venture, Resurgent Power Ventures Pte Limited (Resurgent Power) becomes a successful bidder for the South East UP Power Transmission Company Limited (SEUPTCL) under IBC proceedings."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.