Photo by Pok Rie via Pexels
Adani Power completes Lanco Amarkantak Power acquisition
The transaction was approved in August.
India’s Adani Power has completed its takeover of Lanco Amarkantak Power Limited (LAPL) that houses a thermal power plant in the state of Chhattisgarh.
In a regulatory disclosure, Adani Power said the acquisition was completed on 6 September. This was after the Hyderabad bench of the National Company Law Tribunal approved the transaction last month.
LAPL operates a 600-megawatt (MW) thermal power plant in Korba District, Chhattisgarh. The company is also expanding this capacity by 1,320 MW under Phase II.