Why is Adani Power making a bold ₹4,101 crore move? Uncover the strategy behind this massive acquisition.
Adani Power secures NCLT approval to acquire Lanco Amarkantak, adding 600 MW to its power capacity.
Adani Power to address Lanco Amarkantak's ₹15,633 crore liabilities with a ₹4,101 crore payment in this deal.
Lanco Amarkantak holds key agreements, ensuring steady coal supply and power sales to Haryana and Madhya Pradesh.
The acquisition faced delays, with competing bids from Twin Star and PFC-led consortium before Adani’s success.
Despite recent dips, Adani Power shares have surged 108.12% in the past year, doubling investors' returns.