Adani Power Limited has announced the acquisition of significant power assets from Jaiprakash Associates Limited (JAL) as part of an approved resolution plan. The acquisition involves a total investment of ₹4,193.59 crore.
The acquisition includes 24% of the shareholding in Jaiprakash Power Ventures Limited (JPVL), a listed entity, for ₹2,993.59 crore. Additionally, Adani Power will acquire a 180 MW thermal power plant located in Churk, along with related assets, including an 11.49% shareholding in Prayagraj Power Generation Company Limited, for ₹1,200 crore.
These acquisitions are part of Adani Power’s strategy to expand its footprint in the power generation sector, aligning with the company’s primary business activities. The acquisitions are expected to be consummated on the ‘Effective Date’ under the approved resolution plan, which is anticipated to be within 90 days of the National Company Law Tribunal’s (NCLT) approval date of March 17, 2026.
The regulatory approvals necessary for this acquisition have already been obtained, with the Competition Commission of India granting approval on August 26, 2025. The resolution plan was approved by the NCLT, Allahabad bench at Prayagraj, and subsequently upheld by the National Company Law Appellate Tribunal on May 4, 2026.
Adani Power has confirmed that the acquisitions will be completed through cash consideration. The company has reiterated its commitment to disclosing any material updates related to the transaction in accordance with applicable laws.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).