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

10 Oct 2025

Modi Launches Rs 318.5 Billion Projects in Maharashtra

Prime Minister Narendra Modi on Wednesday launched infrastructure projects worth Rs 318.5 billion during his two-day visit to Maharashtra, including two landmark developments — the first phase of the Rs 196.5 billion Navi Mumbai International Airport (NMIA) and the second phase of the Rs 122 billion Mumbai Metro Line 3. India’s first fully digitised airport, NMIA, has been designed for multimodal connectivity and is being developed under a public-private partnership between Adani Airport Holdings, which holds a 74 per cent stake, and the City and Industrial Development Corporation of Maha..

Tata Housing Sells Rs 10 Billion Homes in Bengaluru

Real estate developer Tata Housing on Wednesday announced that it has achieved home sales worth over Rs 10 billion in its newly launched residential project in Bengaluru, driven by strong demand. In a statement, the company said Tata Housing Varnam Phase I — part of the 135-acre integrated township Carnatica in North Bengaluru — has surpassed Rs 10 billion in sales since its launch in August 2025. Spread across 20 acres, Varnam Phase I has recorded sales of 377 units out of 582 apartments, along with 48 townhouses and row houses. The project has attracted substantial interest from both e..

OMRON to Train 1,000 Graduates Annually at Bengaluru Centre

Japanese industrial automation giant OMRON announced on Wednesday that it will train and skill 1,000 fresh engineering graduates annually at its newly launched Automation Centre in Bengaluru. The initiative aims to enhance India’s employable manufacturing talent and build a resilient, future-ready industrial ecosystem. Motohiro Yamanishi, President of the Industrial Automation Company at OMRON Corporation, said, “We see immense potential in the dynamism of India’s manufacturing sector. The new Automation Centre underscores India’s vital role in our global and Asia-Pacific vision. It i..