Adani Power gets NCLT nod to acquire Essar’s 1,200 MW Mahan project in Madhya Pradesh
The Hindu
According to industry sources, the deal size of the project is estimated at around ₹2,800-3,000 crore.
Adani Power on Wednesday said that it has got National Company Law Tribunal (NCLT) approval to acquire Essar Power’s 1,200 MW thermal power project in Mahan, Madhya Pradesh.
NCLT, Principal Bench at New Delhi, in its order dated November 1, 2021, approved the resolution plan submitted by Adani Power Limited for acquisition of EPMPL (Essar Power MP Ltd), a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code, Adani Power stated in a BSE filing.
EPMPL owns a 1,200 MW thermal power plant in Singrauli District, Madhya Pradesh.
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