Adani Power Limited (APL) is moving forward with the acquisition of Lanco Amarkantak Power Limited (LAPL), further enhancing its position as a leading private-sector power producer in India. The acquisition will be completed through an upfront cash payment of Rs. 4,101 crore, securing 100% shareholding in LAPL.
The National Company Law Tribunal (NCLT) has approved Adani Power’s resolution plan, and the acquisition must be finalized by October 20, 2024, the company confirmed via exchange filing. This acquisition will increase APL’s operational power generation capacity to 15,850 MW.
Lanco Amarkantak Power Limited operates a 600 MW thermal power plant in Korba District, Chhattisgarh. The plant supplies power to Haryana and Madhya Pradesh DISCOMs under long-term agreements. Additionally, LAPL is expanding its capacity with a 1,320 MW project under development.
This acquisition represents a strategic move for Adani Power.
