Adani Power gets NCLT nod for 1,200 MW thermal project in MP

08 Nov 2021 CW Team

On Wednesday, Adani Power Limited received approval from the National Company Law Tribunal (NCLT) for the acquisition of Essar Power's thermal power project of 1,200 MW in Mahan, Madhya Pradesh.

Adani Power told the media that the Principal Bench of NCLT, New Delhi, has approved the resolution plan of Adani Power Limited for acquiring Essar Power, a firm undergoing insolvency resolution under the Insolvency and Bankruptcy Code.

Essar Power owns a 1,200 MW thermal power plant in Singrauli, Madhya Pradesh.

The acquisition of Essar Power Limited has to be subjected as per the satisfaction of the conditions precedent mentioned under the Resolution Plan of Adani Power, the company said.

Earlier this year, in June, Adani Power had become a successful bidder for Essar Power's 1,200 MW thermal power project.

According to the official sources, the thermal project cost is estimated between Rs 2,800 to Rs 3,000 crore.

Image Source

Also read: Maha electricity body allows Adani Power to procure 500 MW power

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..