Adani Power is reportedly in advanced talks with Adhunik Group to buy Adhunik Power. The deal negotiations are hovering between Rs 3,500 to 4,000 crore which is the expected enterprise value of Adhunik Power. Adhunik Metaliks will use the proceeds to re-pay part of the debt pile on its books.
Adhunik Metaliks, IDFC and SBI Macquarie Infrastructure Fund together own 100% stake in Adhunik Power. Adhunik Power operates 540 MW of power in the state of Jharkhand.
Adani Power is India’s largest private sector power generation company with a current operational capacity of 9,240 MW, comprising of 4,620 MW at Mundra in Gujarat, 3,300 MW at Tiroda in Maharashtra and 1,320 MW at Kawai in Rajasthan.
