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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.
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