Adani Power: NCLT Ahmedabad Sanctions Amalgamation Scheme

Adani Power Limited (APL) announced that the National Company Law Tribunal (NCLT) Ahmedabad has sanctioned the Scheme of Amalgamation for nine of its wholly-owned subsidiaries. The sanctioned subsidiaries include Adani Power Dahej Limited, Kutchh Power Generation Limited, Resurgent Fuel Management Limited, Mahan Fuel Management Limited, Orissa Thermal Energy Limited, Korba Power Limited, Anuppur Thermal Energy (MP) Private Limited, Mirzapur Thermal Energy (UP) Private Limited, and Emberiza Infra Park Limited. The scheme was filed with NCLT Ahmedabad for these entities. The matter concerning Vidarbha Industries Power Limited (VIPL) with NCLT Mumbai remains sub-judice. The Appointed Date for the scheme is April 1, 2025. APL will provide further updates once the scheme becomes effective.