Overview

• The National Company Law Tribunal approved Adani’s resolution plan on June 18 and the acquisition was implemented on July 7 under the Insolvency and Bankruptcy Code.
• The 600 MW Butibori plant acquisition raises Adani Power’s operating capacity to 18,150 MW.
• Adani Power is constructing six brownfield ultra-supercritical units of 1,600 MW each and a 1,600 MW greenfield plant at Mirzapur, Uttar Pradesh.
• The company aims to expand its baseload portfolio to 30,670 MW by 2030 through its mix of brownfield retrofits and new builds.
• CEO SB Khyalia described the deal as a key milestone in unlocking value from distressed thermal assets.