Fresh bids for Abhijeet power plant

State Bank of India ( SBI) has rejected SREI Infrastructure's bid to buy a power plant built by the Abhijeet Group of companies. The bank believes the terms of offer by SREI are loaded in favour of the bidder and that the assets are worth more than what is being offered. The new bidding process is expected to draw bigger firms at better prices as the economic upswing adds to the value of the project. Contact: SREI Infrastructure Finance. Tel: 033-6160 7734. Website: www.srei.com