Jindal Power may join race to buy Lanco Amarkantak

Jindal Power Ltd (JPL) is seeking to compete with Reliance Industries, Adani Power and a Power Finance Corp-led consortium to acquire Lanco Amarkantak Power with the Naveen Jindal-promoted company expressing its interest in bidding for the distressed power producer.

JPL has filed a petition with the Amaravati bench of the National Company Law Tribunal (NCLT) for approval to join the auction process of Lanco Amarkantak Power, said people with knowledge of the matter.