Adani Enterprises Limited (BSE:512599), The Tata Power Company Limited (BSE:500400), Brookfield Asset Management Inc. (TSX:BAM.A) and Jindal Steel & Power Limited (NSEI:JINDALSTEL) (JSPL) have said they won't submit financial bids for ultra-mega power plant of KSK Mahanadi Power Company Limited unless its water and railway infrastructure are included in the sale, according to people aware of the matter, creating a hurdle in the company's insolvency process. The four bidders were among seven applicants that had expressed interest in acquiring the power company that owns a 3,600 MW thermal power plant in Chhattisgarh. "We are aware of the concerns and have already initiated an application with the National Company Law Tribunal to consolidate the assets," an executive aware of the developments said on condition of anonymity.

The Tata Power Company Limited submitted an expression of interest for the company through Resurgent Power Ventures Pte. Ltd., while Brookfield's EOI came through Oaktree Capital Management, L.P.