Adani Power on Wednesday said that it has got National Company Law Tribunal (NCLT) approval to acquire Essar Power’s 1,200 MW thermal power project in Mahan, Madhya Pradesh.
NCLT, Principal Bench at New Delhi, in its order dated November 01, 2021, approved the resolution plan submitted by Adani Power Ltd for acquisition of EPMPL (Essar Power M P Ltd), a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code, Adani Power stated in a BSE filing.
EPMPL owns a 1,200 MW thermal power plant in Singrauli District, Madhya Pradesh.
The acquisition shall be subject to satisfaction of conditions precedent mentioned under the Resolution Plan, it stated.
