Adani Enterprises Limited (BSE:512599) has joined the race to buy the 51% stake in Coastal Energen Pvt. Ltd. The lenders took majority control in the Coastal Energen after it failed to repay its INR 60 billion debt. Apart from Adani, COAL & Oil Company L.L.C., is also expected to put in a bid, said a source close to the development. The Coal & Oil group still holds around 40% stake in the company. A consortium of lenders led by State Bank of India has mandated SBI Caps to invite fresh bids for the company after its earlier bids were unsuccessful.