+
Adani Power cancels Rs 70 billion coal plant acquisition
POWER & RENEWABLE ENERGY

Adani Power cancels Rs 70 billion coal plant acquisition

Adani Power has informed stock exchanges that it has cancelled its plan to acquire a coal plant project in central India, and that there will be no further developments in this regard.

Adani Power agreed to acquire control of DB Power in August 2022 for Rs 70.2 billion. A month later, the acquisition was approved by the country's competition regulator.

Adani Power cancelled the acquisition of the coal plant.

After a long-stop date expired on February 15, the Adani Group company and DB Power mutually agreed not to proceed with the transaction. In the Indian state of Chhattisgarh, DB Power operates a 1.2-gigatonne coal power plant.

The DB Power acquisition, which currently operates a 2x600 MW coal-fired power plant in Chhattisgarh's Janjgir Champa district, was expected to expand Adani Power's offerings and operations in the state's thermal power sector.

Also read:
ReNew to sell minority stake in C&I projects
Servokon enters the solar power market


Adani Power has informed stock exchanges that it has cancelled its plan to acquire a coal plant project in central India, and that there will be no further developments in this regard. Adani Power agreed to acquire control of DB Power in August 2022 for Rs 70.2 billion. A month later, the acquisition was approved by the country's competition regulator. Adani Power cancelled the acquisition of the coal plant. After a long-stop date expired on February 15, the Adani Group company and DB Power mutually agreed not to proceed with the transaction. In the Indian state of Chhattisgarh, DB Power operates a 1.2-gigatonne coal power plant. The DB Power acquisition, which currently operates a 2x600 MW coal-fired power plant in Chhattisgarh's Janjgir Champa district, was expected to expand Adani Power's offerings and operations in the state's thermal power sector. Also read: ReNew to sell minority stake in C&I projects Servokon enters the solar power market

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code