Adani Power inches closer to acquire Coastal Energen for Rs 34.40 billion

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. Coastal Energen is attracting interest as one of the few operational power plants for sale. The offer from Adani Power is in partnership with Dickey Alternative Investment Trust.