Corporate News 17-Mar-22
Adani Power completes acquisition of Essar Power M P
Adani Power has completed today 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.
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