Adani Power has been allotted 50,00,000 equity shares of Rs 10 each by Mirzapur Thermal Energy U.P. (MTEUPL) on preferential basis resulting in a 99.8% equity stake in MTEUPL. Consequently, MTEUPL has become a subsidiary of the Company. The object is to set up infrastructure facilities/ capacity augmentation of the company.
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.
