The timeline to complete the acquisition of DB Power by Adani Power extended till December 31, 2022

The timeline for completion of the Rs 70.17 billion deal to acquire thermal power assets of DB Power Limited has been extended by one month till December 31, 2022.

Earlier, the company had extended the timeline for completion by a month till November 30, 2022. In August 2022, Adani Power Limited informed that it has agreed to acquire DB Power, which owns and operates a running 2×600 MW thermal power plant at district Janjgir Champa in Chhattisgarh. Backed by fuel supply agreements with Coal India Limited, DB Power has long and medium-term power purchase agreements for 923.5 MW of its capacity and has been operating its facilities profitably.