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APIL inks share purchase pact with Adani Power

04 Mar 2015 Evaluate

Avantha Power & Infrastructure (APIL) has signed a binding Share Purchase Agreement with Adani Power for acquisition of APIL’s entire shareholding in Korba West Power Company (KWPCL), a subsidiary of APIL. KWPCL has commissioned a coal based thermal power plant of 600 MW and is valued in excess of Rs 4,200 crore.

APIL is a company promoted by Ballarpur Industries, Avantha Holdings and Crompton Greaves. Ballarpur Industries and its step down subsidiary, Bilt Graphic Paper Products are equity shareholders of APIL.

Ballarpur Industries is engaged in manufacturing of wide range of papers such as coated wood free, uncoated wood free, copy paper, packaging, business stationery, industrial grades and speciality and fine paper.

Ballarpur Inds. Share Price

0.89 0.00 (0.00%)
22-Jun-2023 18:01 View Price Chart
Peers
Company Name CMP
JK Paper 367.45
TN Newsprints 139.55
West Coast Paper 479.95
Emami Paper Mills 74.48
Seshasayee Paper 267.90
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