Sanction Of The Scheme Of Amalgamation Of Adani Power (Jharkhand) Limited With Adani Power Limited By Hon'ble…
As filed · Adani Power Limited has informed the Exchange about Sanction Of The Scheme Of Amalgamation Of Adani Power (Jharkhand) Limited With Adani Power Limited By Hon'ble NCLT
What happened
FactAdani Power Limited has announced that the National Company Law Tribunal in Ahmedabad has sanctioned a merger scheme, with the order dated April 4, 2025. The appointed date for the scheme is April 1, 2024, and it will become effective upon the completion of the necessary steps outlined in the approved scheme. The company will provide updates to the exchanges once the scheme is effective.
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Input Costs
ContradictedOur cost per MW is much lower than what other people are building.
The indices of imported coal are higher, and merchant prices have also increased.
Change
FactImplication
CapitSignal interpretationCapex
WithdrawnAnd then similarly, there would be around 6 months for other projects.
But beyond that, actually, it is very much in line with what we have said.
Change
FactImplication
CapitSignal interpretationCapex
Delayedwe're currently targeting around INR120,000 crores over the course of next six years.
So, it's evenly spread out starting from FY '29 to FY32, we are commissioning 4 gigawatts or more every year.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Admission or rejection of the application by the tribunal
- Appointment of a resolution professional
- Claims admitted against the company
- We are on track to commission the 1,320 MW Korba Phase-II project this year, while the 1,600-MW Mahan Phase-II (management committed by Q1 FY28)
- Actually, what's happening, Shirom, is we are only deferring the commissioning targets by an average of 6 mont (management committed by FY29)
Evidence
- Adani Power Limited has informed the Exchange about Sanction Of The Scheme Of Amalgamation Of Adani Power (Jharkhand) Limited With Adani Power Limited By Hon'ble NCLT(opens the original filing in a new tab)
- Earlier statement · Q4 FY25
- Latest statement · Q1 FY27
- Earlier statement · Q4 FY26
- Latest statement · Q4 FY26
- Earlier statement · Q4 FY25
- Latest statement · Q4 FY26
How CapitSignal classified this
- Reasoning:
- INSOLVENCY base 93; +5 quantified amount; explicit insolvency/default evidence present; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%