RIL, Adani Power among companies bidding for Lanco Amarkantak
Reliance Industries, Adani Power, Oaktree Capital’s fund, Jindal Power and a consortium of three state-owned entities – Power Finance Corporation, REC and NTPC – have submitted expressions of interest for Lanco Amarkantak Power, the distressed thermal power company undergoing insolvency proceedings, said people aware about the development.
Resolution professional Saurabh Kumar Tikmani, backed by KPMG, received 11 expressions of interest in all. Twin Star Tech, an investment vehicle of Vedanta promoter Anil Agarwal and iLab India Special Situation Fund submitted an EoI each, people said.
