Adani Power acquires power assets from Jaiprakash Associates for over ₹4,193 crore

Yash Agarwal — Thu, 21 May 2026 10:07:19 +0000

Adani Power Limited has announced the acquisition of significant power assets and investments from Jaiprakash Associates Limited (JAL), marking a strategic expansion in its power generation portfolio. The acquisition includes a 24% shareholding in Jaiprakash Power Ventures Limited (JPVL) and a 180 MW thermal power plant located in Churk, along with other related assets.

According to the definitive agreements signed, Adani Power will acquire the 24% shareholding in JPVL for a consideration of ₹2,993.59 crore. Additionally, the acquisition of the thermal power plant and associated assets, including an 11.49% shareholding in Prayagraj Power Generation Company Limited, is valued at ₹1,200 crore. The total transaction value exceeds ₹4,193 crore.

The acquisition is part of the implementation of an Approved Resolution Plan under the National Company Law Tribunal (NCLT) approved resolution for JAL, with Adani Enterprises Limited acting as the Resolution Applicant. The Competition Commission of India has already granted approval for the acquisition, and the NCLT, Allahabad bench, approved the resolution plan on March 17, 2026, with a clarificatory order on May 8, 2026.

Adani Power has indicated that the acquisition will be consummated on the ‘Effective Date’ under the Approved Resolution Plan, which is expected to occur within 90 days from the NCLT approval date. The acquisition aligns with Adani Power’s primary business activities in power generation.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Prayagraj Power Generation Company | Business Upturn

Adani Power acquires power assets from Jaiprakash Associates for over ₹4,193 crore