India Power Corp Invites EOI for Resolution Plan, Last Date Sep 17
India Power Corporation Limited (formerly DPSC Limited) has invited Expressions of Interest (EOI) for a resolution plan under CIRP. The last date for submitting EOI is September 17, 2026. Key dates for the resolution process, including the submission of resolution plans by November 2, 2026, have been announced.
The announcement is significant as it pertains to the Corporate Insolvency Resolution Process (CIRP) of India Power Corporation Limited (formerly DPSC Limited). The invitation for Expressions of Interest (EOI) is a crucial step in the resolution process, which could lead to a change in ownership or significant restructuring of the company. This has a medium impact on stakeholders, including investors, creditors, and employees, as it outlines the path towards a potential resolution.
The announcement is a procedural update regarding the Corporate Insolvency Resolution Process (CIRP) and the invitation for Expressions of Interest (EOI). It does not contain financial results or specific performance indicators that would suggest a positive or negative sentiment. It is a factual disclosure of the ongoing process.
India Power Corporation Limited (formerly DPSC Limited) has published Form G, inviting Expressions of Interest (EOI) from prospective resolution applicants. This follows the admission of the petition for Corporate Insolvency Resolution Process (CIRP) against the company by the Hon'ble National Company Law Tribunal, Hyderabad Bench- I, on May 15, 2026, and the appointment of a Resolution Professional (RP).
The advertisement for EOI was published on September 2, 2026, in The Times of India, The Economic Times, and Ananda Bazar Patrika. The company's registered office is located at Plot No. X1 - 2&3, Block -EP, Sector –V, Salt Lake City, Kolkata – 700 091. The company operates in the power distribution and generation industry in and around Asansol-Raniganj, West Bengal. As of June 30, 2026, its installed capacity for distributed power was 248 MVA, with a thermal power plant capacity of 12 MW. In FY 2025-26, the company sold 1247.07 MU of power, generating ₹627.30 Crores in revenue.
Key dates for the resolution process are as follows: the last date for receipt of EOI is September 17, 2026; the provisional list of prospective resolution applicants will be issued on September 22, 2026; the last date for submission of objections to the provisional list is September 27, 2026; the final list of prospective resolution applicants will be issued on September 30, 2026; the information memorandum and request for resolution plans will be issued on October 1, 2026; and the last date for submission of resolution plans is November 2, 2026. The process email ID for submitting EOI is ipcl.ibc@gmail.com.
A plain-language summary of a public exchange filing by DPSC Limited. Read the original for the full detail.