COMPANY NEWS


Adani Power Ltd
BSE Code 533096 ISIN Demat INE814H01011 Book Value (₹) 99.28 NSE Symbol ADANIPOWER Div & Yield % 0 Market Cap ( Cr.) 228,215.08 P/E * 10.48 EPS * 56.44 Face Value (₹) 10
* Profit to Earning Ratio
* Earning Per Share
Adani Power update on resolution plan submitted for Lanco Amarkantak Power Back
(05 Mar 2024)
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.