Mukesh Ambani-led Reliance Industries Ltd. (RIL) is reportedly all set to compete with Gautam Adani-led Adani Enterprises at an auction. The auction, which is scheduled to take place on November 25, is for the distressed thermal power firm Lanco Amarkantak Power. As per a report, the Lanco unit is already undergoing insolvency but will now see the billionaires compete.