Adani Power acquires 100% Lanco Amarkantak Power Ltd for Rs 4,101 crore, including a 600 MW power plant and expansion plans, through CIRP.

Adani Power secures NCLT Hyderabad bench approval to acquire 100% shareholding in Lanco Amarkantak Power Ltd (LAPL) for Rs 4,101 crore, as part of LAPL's Corporate Insolvency Resolution Process (CIRP). The acquisition includes a 600 MW thermal power plant in Chhattisgarh and plans to expand capacity by 1,320 MW. This acquisition strengthens Adani Power's position as India's leading private sector power producer.

August 22, 2024
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