Adani Power bags Essar Power's 1,200 MW Mahan Project

21 Jun 2021 CW Team

The country's largest power producer in the private sector, Adani Power (APL), emerged as the successful bidder for Essar Power's 1,200 MW thermal power project located in Mahan, Madhya Pradesh.

The Committee of Creditors has approved the Adani Power tender for the project. Adani Power will have to seek the NLCT approval to acquire the project that is undergoing insolvency proceedings.

On Friday, a BSE filing by Adani Power said that this is to notify that the Committee of Creditors of Essar Power M P (EPMPL), a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code, has approved the resolution plan presented by Adani Power.

Additionally, it said that EPMPL has a 1,200 MW power plant in Singrauli district, Madhya Pradesh.

Following this approval, the Resolution Professional appointed by the National Company Law Tribunal, Delhi, has issued a letter of intent dated June 17, 2021, to the company, it said.

As per the industry sources, the deal size of the project is evaluated at around Rs 2,800 to Rs 3,000 crore. The closure of the transaction will be subject to receiving the necessary approval from the NCLT and fulfilment of conditions precedent under the resolution plan.

Image Source

Also read: Adani Green to purchase 5GW renewable assets of SB Energy India

Also read: Adani, ReNew, JSW, others invest Rs 1.67 lakh cr in Raj

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..