Shares of multi-bagger Adani Power surge more than 4%
As per Adani latest news, it was said that Adani Power intends to take over Lanco Amarkantak Power entirely via a corporate insolvency resolution procedure (CIRP) that was started under the Insolvency and Bankruptcy Code, 2016 (IBC). Thermostatically producing electricity is what insolvent Lanco Amarkantak Power does in India.