Adani Power Expresses In-Principle Interest in Jaiprakash Associates Resolution Plan
Adani Power Ltd. has conveyed its in-principle interest in becoming an Implementing Entity for the resolution plan of Jaiprakash Associates Limited (JAL). The announcement follows the approval of a resolution plan submitted by Adani Enterprises Limited by the Hon'ble National Company Law Tribunal, Allahabad bench, Prayagraj, on March 17, 2026. The order was subsequently uploaded to the Hon'ble NCLT website on March 18, 2026.The approved resolution plan allows Adani Enterprises Limited to designate Implementing Entities to carry out the plan or portions thereof, which involves acquiring assets from JAL. Adani Power's potential involvement would focus on acquiring certain power assets and investments from JAL, contingent upon securing necessary approvals.
The communication was submitted to the BSE Limited and National Stock Exchange of India Limited on March 19, 2026. Adani Power’s scrip code is 533096, with the ticker symbol ADANIPOWER.
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