Adani Power has received the creditors’ approval for the resolution plan to acquire insolvent Lanco Amarkantak Power, according to a company filing on Tuesday.
The thermal power producer is planning to aggressively expand its capacity, and this is the company’s second acquisition under the insolvency resolution process in the financial year.
“The Committee of Creditors of Lanco Amarkantak Power has approved the resolution plan submitted by Adani Power,” it said.
