A motorcyclist rides near a sub-station and electricity transmission pylons in Nandurbar district, Maharashtra, India (Photographer: Dhiraj Singh/Bloomberg)
Adani Power Ltd is close to acquiring the GMR Chhattisgarh power project under the Samadhan Scheme of State Bank of India, two bankers in the know told BloombergQuint on condition of anonymity. The deal, if closed, will be a small step forward in the slow process for resolving Rs 1.7 lakh crore in stressed power assets.A majority of the lenders involved have given their approval to sell the asset, the bankers quoted above said. As pe...