Adani Power Signs Agreements for Acquisition of Jaiprakash Assets
Adani Power Limited has entered into definitive agreements with Jaiprakash Associates Limited (JAL) to acquire specific power assets and investments, as part of the implementation of the Approved Resolution Plan for JAL.These agreements cover two main transactions: the acquisition of a significant stake in Jaiprakash Power Ventures Limited (JPVL), and the purchase of JAL's 180 MW thermal power plant located in Churk, along with other associated assets.
Under the Share Purchase Agreement, Adani Power will acquire a 24% shareholding in JPVL, a listed entity held by JAL. Simultaneously, a Business Transfer Agreement is in place for the acquisition of the 180 MW thermal power plant in Churk and related assets, which include an 11.49% stake in Prayagraj Power Generation Company Limited.
The target assets are focused on the power generation sector, aligning with Adani Power's primary business activities. The Competition Commission of India approval for these acquisitions was obtained on August 26, 2025, while the Approved Resolution Plan itself was approved by the National Company Law Tribunal (NCLT) at Prayagraj on March 17, 2026.
The total cost of the acquisition involves two components:
- For the 24% stake in JPVL: INR 2,993,59,08,147.6
- For the 180 MW Churk plant and related assets: INR 1,200,00,00,000
These acquisitions are being settled entirely in cash.
Profile of Acquired Assets
The acquired assets are primarily engaged in power generation and cement grinding. Jaiprakash Power Ventures Limited (JPVL) operates three power plants with an aggregate capacity of 2,220 MW.The following table details the financial and operational background of the entity being acquired:
| Particulars | Details |
|---|---|
| Industry | Power generation and cement grinding |
| Date of Incorporation | December 21, 1994 |
| Country of Presence | India |
| Key Plant | Churk Power Plant of JAL (180 MW Power Generation plant) |
| JPVL Turnover (in INR Lakhs) | |
| 2025-26 | 579,085 |
| 2024-25 | 570,630 |
| 2023-24 | 715,100 |
The acquisition is expected to be consummated on the 'Effective Date' under the Approved Resolution Plan, which is stipulated to be no later than 90 days from the NCLT approval date of March 17, 2026.
ADANIPOWER Stock Price Movement
Adani Power Limited shares today slipped by 0.20% to settle at ₹219.33. The stock recorded a trading range of ₹218.5 to ₹226.4 during the session, supported by a total volume of 34.98 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.