Adani Power Completes Acquisition of JAL Power Assets

Adani Power Limited has consummated the acquisition of key power assets from Jaiprakash Associates Limited (JAL) on May 21, 2026, under the approved resolution plan. Key Assets Acquired: Equity Stake: 24% shareholding in listed Jaiprakash Power Ventures Limited (JPVL) Thermal Capacity: 180 MW power plant in Churk, Uttar Pradesh Additional Investment: 11.49% stake in Prayagraj Power Generation Company Limited Strategic Rationale: Capacity Expansion: Adds operational thermal assets to Adani Power's portfolio, supporting its scale-up strategy. Resolution Plan Execution: Aligns with the NCLT-approved JAL resolution, enabling orderly asset transfer and value preservation. Geographic Diversification: Strengthens presence in northern India's power market. Outlook: The acquisition reinforces Adani Power's position as India's largest private thermal power producer. Integration of these assets is expected to be seamless given Adani's operational expertise. Focus now shifts to optimizing plant performance and leveraging synergies across the expanded fleet. $ADANIPOWER