A consortium led by Adani Power gets letter of intent to buy Coastal Energen

A consortium led by Adani Power Ltd. has received a letter of intent to buy Coastal Energen Pvt., which is undergoing a corporate insolvency resolution process.

In a regulatory filing on Sunday, Adani Power Ltd said the LoI from the resolution professional was received Saturday after CEPL’s committee of creditors approved the resolution plan submitted by the consortium.