Adani Power (APL) has amalgamated its six subsidiaries with itself. An amalgamation of six wholly-owned subsidiary companies of Adani Power -- Adani Power Maharashtra (APML); Adani Power Rajasthan (APRL); Udupi Power Corporation (UPCL); Raipur Energen (REL); Raigarh Energy Generation (REGL) and Adani Power (Mundra) (APMuL) -- with APL was sanctioned by the Ahmedabad-bench of National Company Law Tribunal on February 8, 2023.
All the conditions stated under the Scheme for making it effective have been satisfied, and hence the Scheme is now effective from the Appointed Date i.e. October 1, 2021, as specified thereunder. The six companies -- APML, APRL, UPCL, REL, REGL and APMuL -- now stand amalgamated with APL. Accordingly, the company will publish financial statements for FY 2022-23 based on amalgamation and will also recast comparative period numbers in compliance with applicable accounting standards.
Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.
Company Name | CMP |
---|---|
NTPC | 346.00 |
Tata Power | 413.65 |
Power Grid Corp | 297.05 |
Adani Power | 613.05 |
Torrent Power | 1319.05 |
View more.. |