Adani Group Acquires Lanco Amar Kantak Power: With the rapid increase in electricity consumption in India, Adani Group has made a significant move by acquiring Lanco Amar Kantak Power Limited (LAPL), a 600 MW thermal power plant located in Chhattisgarh. This acquisition, valued at ₹4,101 crores, is expected to be finalized by October 20, 2024. This strategic acquisition will further strengthen Adani Group’s position in the thermal power generation sector, making it a major player in the private energy sector.
Adani Group Acquires Lanco Amar Kantak Power
Highlights:
व्हाट्सप्प चैनल या व्हाटप्प ग्रुप में दिए गए कूपन कोड को डालें -
You need to log in to redeem a coupon.
- India’s electricity consumption has doubled in the last few years.
- Adani Group has acquired Lanco Amar Kantak Power Limited, a 600 MW thermal power plant.
- The acquisition is valued at ₹4,101 crores and will be completed by October 20, 2024.
- LAPL has a long-term coal supply agreement with South Eastern Coalfields Limited (SECL) for 2.7 metric tons.
- This acquisition will solidify Adani Group’s position as a key player in the private electricity generation sector.
| Key Information | Details |
|---|---|
| Plant Location | Korba district, Chhattisgarh |
| Total Capacity | 600 MW |
| Acquisition Value | ₹4,101 crores |
| Acquisition Approval | August 22, 2024 |
| Completion Date | October 20, 2024 |
| Power Distribution | Haryana, Madhya Pradesh |
Table of Contents
Adani Group’s Major Acquisition: Lanco Amar Kantak Power
As India’s demand for electricity continues to surge, Adani Group has made a strategic decision to acquire Lanco Amar Kantak Power Limited (LAPL). This thermal power plant is located in the Korba district of Chhattisgarh and consists of two units, each with a capacity of 300 MW, providing a total output of 600 MW.
Also Read: JSW Energy Share Price: Major Announcement, Investors to Benefit Big Time!
Features of the Thermal Power Plant
LAPL was established near Pathadi village in Chhattisgarh but faced financial difficulties in recent years, leading to the cessation of power production. The plant has now been acquired by Adani Group for ₹4,101 crores. This acquisition received approval from the Hyderabad bench of the National Company Law Appellate Tribunal (NCLAT) on August 22, 2024, and is set to be completed by October 20, 2024.
Electricity Production and Distribution
The electricity generated by LAPL is sold to Haryana and Madhya Pradesh. As power demand is expected to rise in the coming years, thermal power plants like LAPL are likely to play an increasingly critical role. Additionally, LAPL has secured a long-term coal supply agreement with South Eastern Coalfields Limited (SECL) for 2.7 metric tons of coal, ensuring steady production.
Also Read: Zomato Share Price: Experts Believe There’s More Growth Ahead, Here’s the New Target
Future Prospects for Lanco Amar Kantak Power
India’s rising electricity consumption is likely to boost the demand and value of power-generating companies. LAPL, with its production capacity of 15,850 MW, will be a valuable asset for Adani Group. This acquisition positions Adani Group to capitalize on the growing energy demand, solidifying its presence in the thermal power sector.
Adani Group’s Expansion
Following this acquisition, Adani Group is poised to become one of the largest private power generation companies. Already a major player in renewable energy, Adani Group’s strengthened foothold in the thermal power sector will enhance its overall capacity and market presence.
Also Read: Great Opportunity to Earn from These 5 PSU Stocks! Buy These Government Company Shares at Low Prices
FAQ:
Which thermal power company has Adani Group acquired?
Adani Group has acquired Lanco Amar Kantak Power Limited (LAPL), a 600 MW thermal power plant located in Chhattisgarh.
What is the total value of the acquisition?
The acquisition is valued at ₹4,101 crores.
Which states receive electricity from LAPL?
LAPL supplies electricity to the states of Haryana and Madhya Pradesh.
What is the production capacity of LAPL?
LAPL has a production capacity of 15,850 MW of electricity.
How will this acquisition benefit Adani Group?
This acquisition will strengthen Adani Group’s position as a major private player in the thermal power generation sector.
2 thoughts on “Adani Group Acquires Lanco Amar Kantak Power: 600 MW Thermal Power Plant Now Part of Its Portfolio”