Adani Power is now close to acquiring the bankrupt power company Coastal Energen for an estimated amount of Rs 34.40 billion, following two days of intense bidding. The emerging interest in Coastal Energen is because it is among a few operational power plants for sale. The offer from Adani Power is in partnership with Dickey Alternative Investment Trust. Three other bids received were from Sherisha Technologies, Naveen Jindal-promoted Jindal Power and Dickey Alternative.
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