Adani Power has completed the acquisition of 100% of paid up share capital and management control of Essar Power M P (EPMPL), a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code. The cost of acquisition of EPMPL along with rehabilitation cost is over Rs 4,250 crore for 1200 MW power plant, including estimated cost of compliance on environmental and emission norms.
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.
