Gupta Power Infrastructure is undergoing insolvency proceedings and has attracted a broad set of potential acquirers, including Jindal Power, Vedanta, Havells India, UltraTech Cement, Waaree Energies, Torrent Electricals, Himadri Speciality Chemicals, Orissa Metaliks and ABCI Infrastructures, indicating the asset significance of the cable manufacturer in the current market environment.
Feb 17, 2026
Gupta Power Infrastructure, a manufacturer of cables, wire rods and conductors, is undergoing insolvency proceedings and has attracted a broad set of potential acquirers, including Jindal Power, Vedanta, Havells India, UltraTech Cement, Waaree Energies, Torrent Electricals, Himadri Speciality Chemical, Orissa Metaliks and ABCI Infrastructures, indicating the asset significance of the cable manufacturer in the current market environment.
Some bidders have come as consortium partners. Engineering and manufacturing companies, including Karamtara Engineering, Cabcon India, Transrail Lighting, Titagarh Rail Systems and JSK Industries, have submitted Expression of Interest (EoIs), and non-banking companies like Authum Investment & Infrastructure are among the key applicants. Two investors have filed bids in their individual capacities, as per a media report. The bidding process highlights the broader revival in India’s infrastructure and power sector.
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The National Company Law Tribunal Kolkata Bench admitted Gupta Power Infrastructure’s insolvency petition filed in September 2025, involving INR 4,240 crore in claims and a resolution deadline of Feb 20, 2026.
