Adani Power Receives Letter of Intent After CoC Backs

has received a Letter of Intent (LoI) after the Committee of Creditors (CoC) endorsed its resolution plan for GVK Energy. The development marks an important step in the ongoing insolvency resolution process involving GVK Energy. The CoC’s approval of the resolution plan and subsequent issuance of the LoI move the process closer to implementation, subject to the required regulatory and legal approvals. For Adani Power, the development could strengthen its position in the power sector and potentially expand its operational footprint through the proposed resolution. Investors will closely monitor the next stages of the insolvency process, including approvals from the relevant authorities and the eventual completion of the resolution plan.