Current Affairs - Business - Discussion

Discussion Forum : Business - Latest Current Affairs (Q.No. 884)
884.
Who received a letter of intent to acquire Korba West Power Company Ltd?
Reliance Power
Tata Power
Adani Power
Torrent Power
Answer: Option
Explanation:
Adani Power received a letter of intent (LoI) to acquire debt-laden Korba West Power Company Ltd. (KWPCL). The committee of creditors of KWPCL, a company undergoing insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, has approved the resolution plan submitted by Adani Power. KWPCL owns and operates a 600 megawatt thermal power plant in Raigarh district in Chhattisgarh.
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