Adani Power Limited (NSEI:ADANIPOWER) has rekindled its desire to acquire bankrupt Lanco Amarkantak Power Limited after backing out of the race last December. This week the company submitted a revised, improved offer of INR 36,500 million to lenders versus the INR 29,500 million proposal it made in December, said two people aware of the development. The thermal power company's lenders will meet November 2, 2023 to review the offer from Adani, the people said.

Adani's new offer comes several months after a majority of lenders voted for a INR 30,200 million resolution plan from a PFC-led consortium. Adani Power did not respond to ET's request for comments.