Adani Power Ltd Seals Deals to Acquire Power Assets and Stakes in Jaiprakash Group

Adani Power Ltd Seals Deals to Acquire Power Assets and Stakes in Jaiprakash Group​

Adani Power Ltd has entered into definitive agreements with Jaiprakash Associates Limited (JAL) for the acquisition of significant power assets and investments, as part of the implementation of the NCLT approved resolution plan for JAL.

These agreements cover two primary transactions: the purchase of a stake in a listed entity and the acquisition of operational power generation facilities and related assets.

According to the definitive agreements, Adani Power Ltd will execute a Share Purchase Agreement for acquiring a 24% stake in Jaiprakash Power Ventures Limited (JPVL), which is a listed entity held by JAL. Concurrently, the company is acquiring the 180 MW thermal power plant of JAL located in Churk, along with related assets, including an 11.49% shareholding in Prayagraj Power Generation Company Limited, also held by JAL.

Key Acquisition Details​

The target assets and entities are primarily involved in power generation, aligning directly with Adani Power Ltd’s core business activities.

Financial and Operational Scope​

The total consideration for the acquisitions is structured across two components: the stake in JPVL and the operational assets.


The acquisition process has secured multiple necessary approvals, including the Competition Commission of India approval on August 26, 2025. The overall resolution plan was approved by the National Company Law Tribunal (NCLT) at Prayagraj on March 17, 2026, a decision later upheld by the National Company Law Appellate Tribunal on May 04, 2026.

The acquisitions are expected to be consummated on the ‘Effective Date’ under the Approved Resolution Plan. This completion timeline is set not to be later than 90 days from the NCLT approval date of March 17, 2026.

Background on Jaiprakash Power Ventures Limited (JPVL)​

JPVL is a company engaged in thermal and hydro power generation, as well as coal mining, sand mining, and cement grinding. JPVL currently operates three power plants with an aggregate capacity of 2,220 MW, alongside a 2 MTPA Cement Grinding Unit and a 3.92 MTPA Coal Mine.

The company maintains a history of turnover, with figures recorded in INR Lakhs for the last three years:

ADANIPOWER Stock Price Movement​

On Wednesday, Adani Power Limited shares edged higher, gaining 0.60% to close at ₹220.24. The stock saw robust trading volume, with 22.51 million shares transacting during the session.