July 11 (Reuters) - Indian billionaire Gautam Adani is considering a bid for the bankrupt coal-fired power plants belonging to industrialist Anil Ambani, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Ambani's Reliance Power Ltd (RPOL.NS) will also likely make an offer to win back control of the firm, the report added.
Last week, Adani Green Energy Ltd (ADNA.NS) approved raising 123 billion rupees ($1.49 billion), while two other Adani group companies - Adani Transmission (ADAI.NS) and Adani Enterprises (ADEL.NS) - had in May outlined plans to raise funds totalling $2.57 billion.
Adani's bids are aimed at strengthening the company's growing portfolio of coal power projects, the report said.
Adani Enterprises or Reliance Power did not immediately respond to a Reuters' request for comment.
Persons:
Gautam Adani, Anil Ambani, Ambani, Adani, Jose Joseph, Kashish Tandon, Sohini Goswami
Organizations:
Bloomberg, Vidarbha Industries Power Ltd, Ambani's Reliance Power, Green Energy Ltd, Adani Enterprises, Hindenburg Research, Reliance, Thomson
Locations:
Vidarbha, Nagpur, Maharashtra, Bengaluru