+
Deal for DB Power assets at Rs 70.17 billion by Adani Power falls
POWER & RENEWABLE ENERGY

Deal for DB Power assets at Rs 70.17 billion by Adani Power falls

The initial agreement between Adani Power and DB Power to buy their thermal power assets expired, which led to the Rs 70.17 billion deal falling through.

Adani Power stated that the lengthy stop date under the memorandum of understanding scheduled August 18, 2022, has passed.

In August 2022, the Adani group company told the stock exchanges that it has reached an agreement to purchase the mentioned DB Power assets.

A 2x600 MW thermal power plant owned and operated by DB Power is located in the Chhattisgarh district of Janjgir Champa. The initial duration of the MOU (memorandum of understanding) was October 31, 2022. Eventually, the transaction's deadline was extended four times, this time until November 30, 2022, December 31, 2022, January 15, 2023, and February 15, 2023.

Also read:
Bhakra Beas Board seeks bids for solar power projects totaling 11.5 MW
Power minister approves two-year ALMM exemption for solar projects


The initial agreement between Adani Power and DB Power to buy their thermal power assets expired, which led to the Rs 70.17 billion deal falling through. Adani Power stated that the lengthy stop date under the memorandum of understanding scheduled August 18, 2022, has passed. In August 2022, the Adani group company told the stock exchanges that it has reached an agreement to purchase the mentioned DB Power assets. A 2x600 MW thermal power plant owned and operated by DB Power is located in the Chhattisgarh district of Janjgir Champa. The initial duration of the MOU (memorandum of understanding) was October 31, 2022. Eventually, the transaction's deadline was extended four times, this time until November 30, 2022, December 31, 2022, January 15, 2023, and February 15, 2023. Also read: Bhakra Beas Board seeks bids for solar power projects totaling 11.5 MW Power minister approves two-year ALMM exemption for solar projects

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code