Construction Industry News
Adani Power has informed the stock exchanges that it has cancelled its plan to take over a coal-fired power plant project in central India and that there will be no further developments in this regard.
Adani Power agreed to take control of DB Power for Rs 70.2 billion in August 2022. A month later, the acquisition was approved by the country's competition regulator.
Adani Power cancelled the acquisition of the coal plant.
After a long stop date expired on February 15, the company adani Group and DB Power mutually agreed not to proceed with the transaction. In the Indian state of Chhattisgarh, DB Power operates a 1.2 gigaton coal-fired power plant.
The acquisition of DB Power, which currently operates a 2x600 MW coal-fired power plant in Chhattisgarh's Janjgir Champa district, was expected to expand Adani Power's offerings and operations in the state's thermal energy sector.
2655
7034
5775
11550
25409
51399
33144
66288
500
550
4956
9417
474
700
320
600
5975
11353
24124
48248
490
600
550
1250
2000
2500
