Adani Power on Monday said it has been awarded a letter of intent (LoI) to acquire debt-laden Korba West Power Company.
“The company has been awarded the letter of intent for Korba West Power Company Ltd. (KWPCL).
“The committee of creditors of KWPCL, a company undergoing insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, has approved the resolution plan submitted by Adani Power,” Adani Power said in a BSE filing.
