Adani Power Clears Crucial Hurdle: CCI Approves Acquisition of GVK Energy, Boosting Power Portfolio

Adani Power Clears Crucial Hurdle: CCI Approves Acquisition of GVK Energy, Boosting Power Portfolio​

The energy infrastructure sector saw a major development on May 12, 2026, as the Competition Commission of India (CCI) granted approval for a significant corporate transaction. The CCI has formally approved the proposed acquisition of GVK Energy Limited by Adani Power Limited.

This approval marks a significant step in the consolidation of assets within India's power generation space. The transaction involves Adani Power acquiring 100% of the share capital and complete control of GVK Energy Limited.

CCI Greenlights Landmark Acquisition Deal​

The proposed combination was structured to facilitate the acquisition through the corporate insolvency resolution process. This mechanism is governed by the Insolvency and Bankruptcy Code, 2016, relating to the Target company.

The CCI's approval solidifies the pathway for Adani Power to fully integrate GVK Energy's assets into its existing operational footprint. While a detailed final order was noted to follow, the initial green light signals robust confidence in the transaction structure.

Adani Power’s Strategic Expansion in Power Sector​

Adani Power Limited, the acquiring entity, is a publicly listed private thermal power producer in India. Its shares are listed on both BSE Limited and the National Stock Exchange of India Limited.

The company currently manages a wide operational base, running thermal power plants across multiple Indian states. These operations span Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu. Adani Power also maintains a subsidiary solar presence with a 40 MW plant in Gujarat.

Boosting Portfolio Through Hydro Assets​

GVK Energy Limited is the target company at the center of the deal. This public limited company was originally established as a subsidiary of GVK Power and Infrastructure Ltd.

GVK Energy controls the operational assets related to a crucial hydroelectric power project. Specifically, through its subsidiary, AHPL, the company manages the generation of power from a 330 MW hydroelectric facility located in Srinagar, Uttarakhand.

The Target company is responsible for providing necessary operation and maintenance services to this hydroelectric asset, AHPL. This strategic acquisition allows Adani Power to bolster its renewable and diversified energy portfolio significantly.