SBI in Talks to Down-sell Part Loan for Adani’s Lanco Acquisition
ECONOMY & POLICY

SBI in Talks to Down-sell Part Loan for Adani’s Lanco Acquisition

State Bank of India (SBI), India’s largest government-owned bank, is negotiating with peer banks to down-sell a portion of an INR 1,800-crore loan it extended to Adani Power for acquiring Lanco Amarkantak Power, a 600 MW thermal power plant. Sources familiar with the matter said the loan was given under a 12-year term, with an interest rate of around 10.5%.

The bank is looking to sell INR 1,200 crore of the loan to other lenders. SBI and Adani Group declined to comment on the matter.

In 2023, Adani Power acquired Lanco Amarkantak Power for INR 4,101 crore under the corporate insolvency resolution process. The first phase, consisting of two 300 MW units, has been operational since the company entered insolvency proceedings. The second phase, under construction, will add another 1,200 MW capacity. Adani Power repaid a significant portion of the debt using the plant’s cash flow and additional funds raised from internal sources.

Adani’s acquisitions in the thermal power sector also included Coastal Energen, which was purchased for INR 3,440 crore earlier this year.

State Bank of India (SBI), India’s largest government-owned bank, is negotiating with peer banks to down-sell a portion of an INR 1,800-crore loan it extended to Adani Power for acquiring Lanco Amarkantak Power, a 600 MW thermal power plant. Sources familiar with the matter said the loan was given under a 12-year term, with an interest rate of around 10.5%. The bank is looking to sell INR 1,200 crore of the loan to other lenders. SBI and Adani Group declined to comment on the matter. In 2023, Adani Power acquired Lanco Amarkantak Power for INR 4,101 crore under the corporate insolvency resolution process. The first phase, consisting of two 300 MW units, has been operational since the company entered insolvency proceedings. The second phase, under construction, will add another 1,200 MW capacity. Adani Power repaid a significant portion of the debt using the plant’s cash flow and additional funds raised from internal sources. Adani’s acquisitions in the thermal power sector also included Coastal Energen, which was purchased for INR 3,440 crore earlier this year.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement