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Adani Power gets NCLT Approval to Acquire Essar Power's Mahan Project

Adani Power has got the 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, approved the resolution plan submitted by Adani Power for acquisition of Essar Power MP, a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code.

 

EPMPL owns 1,200 MW thermal power plant in Singrauli district, Madhya Pradesh.

 

The acquisition will be subject to satisfaction of conditions precedent mentioned under the Resolution Plan.

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