Lanco Vidarbha’s 195-crore Wardha land up for auction on 2 July
The liquidator of bankrupt Lanco Vidarbha Thermal Power Limited has initiated e-auction proceedings for the company’s prime land parcel near Wardha, Maharashtra, with a reserve price of ₹195.34 Crores. The sale, part of the 32nd e-auction cycle under IBC, will conclude on July 2, 2025.
Key Auction Details
- Asset: Plant Land (Lot No. 9) at Wardha, Maharashtra
- Reserve Price: ₹195,34,00,000 + applicable stamp duty/taxes
- EMD: ₹15 Crores (non-refundable deposit)
- Platform: PSB Alliance Pvt. Ltd. (ibbi.baanknet.com or ebkray.in)
- Timeline:
- Bid Submission & EMD Deposit: June 7–30, 2025
- Site Inspection Deadline: July 1, 2025
- Auction Window: July 2, 3:00 PM–5:00 PM
Critical Conditions
- Payment Terms: Successful bidder must pay 100% bid amount + taxes within 120 days of auction. Delays beyond 30 days attract 12% p.a. interest.
- Eligibility: Bidders must submit a Section 29A undertaking; ineligible participants forfeit EMD.
- Sale Basis: “As Is Where Is,” “No Complaint,” and “Without Recourse” – no warranties provided.
- Documentation: NCLT/NCLAT orders, District Collector letters available on the portal.
Additional Assets in Parallel Auctions
*(31st E-Auction for Scrap/Materials)*
| Lot | Asset | Reserve Price | EMD |
| 5 | GRP Pipes (1100mm) | ₹7.22 Lakh + 18% GST | ₹72,200 |
| 7 | 765 KV Switchyard Material | ₹52.49 Lakh + 18% GST | ₹5,24,900 |
| 13 | Miscellaneous Materials | ₹38.94 Lakh + 18% GST | ₹3,89,400 |
| 14 | Tuticorin Land | ₹50,000 + taxes | ₹5,000 |
Stakeholder Notes
- Due Diligence: Bidders must review process documents on the auction portal/corporate website (www.lancovidarbha.com).
- Queries: Contact Liquidator Vijay Kumar Garg (+91-9611938833, liquidation_httpl@sumedhamanagement.com) or PSB Alliance Help Desk (+91-8291220220).
Lanco Vidarbha Thermal Power Limited was a Special Purpose Vehicle (SPV) of Lanco Group, for setting up a Thermal Power Plant near Mandva village in Wardha District, Maharashtra. The Company was incorporated for setting up a domestic coal based super critical Thermal Power Plant having two units of 660 MW capacity each near Mandva village in Wardha District, Maharashtra. The Power Plant consists of two (2) nos. of Steam Turbine Generator (STG) sets, each of 660 MW capacity and two (2) nos. of Pulverized Coal Fired Super critical Boilers and the balance of plant.
Also See: Jet Airways puts BKC office for sale; reserve price fixed at Rs 335 crore
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