Corporate News     05-Mar-24
Adani Power update on resolution plan submitted for Lanco Amarkantak Power
Adani Power announced that the Committee of Creditors (COC) of Lanco Amarkantak Power (LAPL), a company undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code 2016 (IBC) has approved the Resolution Plan submitted by Adani Power.

In this regard, APL has received a Letter of Intent (LOI) from the Resolution Professional ("RP") on 04 March 2024 at 11:25 p.m.

LAPL owns and operates a 2x300 MW (600 MW) thermal power plant (PhaseI) at Pathadi Village in Korba District of Chhattisgarh. The Phase-I capacity is tied up with Haryana and Madhya Pradesh DISCOMs under long term Power Purchase Agreements. It is also setting up 2x660 MW (1320 MW) expansion capacity under Phase-II.

Previous News
  Adani Power
 ( Results - Analysis 26-Jan-24   22:32 )
  Adani Power receives upgrade in credit ratings for bank facilities
 ( Corporate News - 31-Jan-24   17:54 )
  Adani Power consolidated net profit rises 35280.58% in the March 2022 quarter
 ( Results - Announcements 05-May-22   16:46 )
  Adani Power
 ( Results - Analysis 05-Aug-23   12:46 )
  Adani Power Q3 PAT soars to Rs 2,738 cr
 ( Hot Pursuit - 27-Jan-24   12:01 )
  Adani Power Ltd Surges 2.38%
 ( Hot Pursuit - 17-Aug-23   09:30 )
  Adani Power consolidated net profit rises 1618.01% in the June 2022 quarter
 ( Results - Announcements 03-Aug-22   17:04 )
  Adani Power incorporates wholly owned subsidiary in SIngapore
 ( Hot Pursuit - 18-Jun-24   08:12 )
  Sensex, Nifty hits fresh life high; breadth strong
 ( Market Commentary - Mid-Session 18-Jun-24   09:39 )
  Adani Green Energy Ltd Spurts 4.91%
 ( Hot Pursuit - 22-Aug-22   09:30 )
  Adani Power hits the roof on stellar Q4 earnings
 ( Hot Pursuit - 05-May-22   15:30 )
Other Stories
  Board of Delhivery approves alteration in capital clause of MoA
  05-Jul-24   19:32
  J B Chemicals & Pharmaceuticals appoints director
  05-Jul-24   19:30
  Infosys announces resignation of senior management personnel
  05-Jul-24   19:22
  JLR Q1 FY25 retail sales up 9% on YoY basis
  05-Jul-24   19:08
  Bajaj Auto launches world's first CNG motorcycle 'Freedom'
  05-Jul-24   18:59
  Agenda for board meeting of Power Grid Corporation of India
  05-Jul-24   18:46
  Board of Bank of Baroda approves raising additional capital up to Rs 7,500 cr in FY25
  05-Jul-24   18:06
  Vipul to hold board meeting
  05-Jul-24   17:15
  Markobenz Ventures to convene board meeting
  05-Jul-24   17:15
  Dhanashree Electronics to declare Quarterly Result
  05-Jul-24   17:15
Back Top