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Adani Power refuses to give up on Lanco unit, makes improved offer

Adani s new offer comes several months after a majority of lenders voted for a ₹3,020 crore resolution plan from a PFC-led consortium. In January, the PFC-led consortium s proposal secured 95% of votes, while Adani Power got 17% votes. Reliance Industries, which was also in the race offering ₹2,103 crore, did not receive any votes.

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PFC, REC seek DIPAM nod for debt resolution plan for KSK Mahanadi

The state-owned lenders, with NTPC Ltd as the technical partner, had earlier given expression of interest for the 1,800 MW coal-based power project in the Champa district of Chhattisgarh along with companies like Vedanta Ltd, Adani Power Ltd, and Jindal Power Ltd. While the PFC-REC duo had submitted its bid for the project, it was later clarified that they needed DIPAM s approval to participate in the resolution process, three people in the know said.

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lanco amarkantak power: CCI gives nod to deal involving Lanco Amarkantak Power

SJVN is mainly into hydroelectric power generation while DVC is a statutory corporation. The latter is engaged in the businesses of power generation, transmission, and water management. The proposed combination relates to acquisition of 100 per cent shareholding of Lanco Amarkantak Power by PFC Projects, REC, SJVN and Damodar Valley Corporation (DVC), according to an official release.

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Trade regulator CCI gives nod to deal involving Lanco Amarkantak Power

Trade regulator CCI gives nod to deal involving Lanco Amarkantak Power
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Reliance Industries, Adani Power Set For Face-Off At Lanco Unit Auction

Mukesh Ambani's Reliance Industries Ltd (RIL) is set to lock horns with Gautam Adani-owned Adani Power for an auction of a distressed thermal unit of Lanco Amarkantak Power on November 25.

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