Adani Power has received approval from the NCLT Hyderabad bench to acquire Lanco Amarkantak Power Ltd (LAPL) for Rs 4,101 crore.
LAPL, currently in the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, operates a 600 MW thermal power plant in Chhattisgarh's Korba District. The acquisition will see Adani Power take 100% ownership of LAPL, aligning with its core business of power generation.