Market snapshot: Adani Power Limited has received a Letter of Intent to acquire GVK Energy Limited under its ongoing Corporate Insolvency Resolution Process. This development follows the Committee of Creditors endorsing Adani Power’s resolution plan. The transaction secures strategic hydro capacity for Adani Power, bolstering its clean energy expansion strategy. Data Snapshot Adani Power submitted…
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Swain County Manager Tommy Dills at a Sept. 1 commission meeting proposed the county purchase 67 Lakeview Drive, colloquially known as the airport property, for nearly $3 million. No tax increase would be necessary, he said, to finance the transaction. Commissioners appeared unanimously onboard with Dills’ recommendation. But the chosen route of payment — an…