Adani Power gets NCLT approval to acquire Essar’s 1,200 MW Mahan project

Adani Power Limited has received theapproval from National Company Law Tribunal (NCLT) to acquire Essar Power’s 1,200 MW thermal power plant in Mahan, Madhya Pradesh.

NCLT has approved the resolution plan submitted by Adani Power for acquisition of Essar Power M. P. Limited (EPMPL), as the company is undergoing insolvency resolution under the Insolvency and Bankruptcy Code. EPMPL owns a 1,200 MW thermal power plant in Singrauli District, Madhya Pradesh. The deal size of the project is estimated at around Rs 28-30 billion.

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