Engineering and construction major Larsen & Toubro (L&T) is in talks with the Ahmedabad-based Adani group to sell its power plant in Punjab at an estimated value of around Rs 3,000 crore. If the deal gets through, it will be Adani’s third acquisition of a power project in 17 months.
A banker said the talks with Adani are at an advanced stage. However, no decision has been taken yet as due-diligence is currently on. The acquisition will play an important role in Gautam Adani’s plan to become India’s biggest power producer and port operator in India. More on bit.ly/1NocVAH