APL will acquire a 100% stake in LAPL for total consideration of Rs 4,101 crore. The acquisition is expected to be finalized within 60 days from the NCLT's approval, by 20 October 2024
The successful acquisition and implementation of the resolution plan for acquisition of LAPL will advance the company's position as India's leading private sector power producer, with a combined operational power generation capacity of 15,850 MW.
Adani Power, a part of the diversified Adani Group, is the largest private thermal power producer in India.
The power generation company has reported 55.33% fall in consolidated net profit to Rs 3,912.79 crore in Q1 FY25 as compared to Rs 8,759.42 crore recorded in Q1 FY24. However, revenue from operations jumped 35.89% YoY to Rs 14,955.63 crore in the quarter ended 30 June 2024.
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