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Adani Power Acquires Lanco Amarkantak TPP for Rs. 4,101 Cr.

Adani Power Ltd. emerged as the winning bidder for the acquisition of debt-ridden Lanco Amarkantak Thermal Power Plant, situated near Chattisgarh’s Pathadi Village, with a bid of Rs. 4,101 crore.

Lanco Amarkantak power plant comprises two phases. The first phase includes two operational units of 300 MW each, while the second phase, currently under construction, consists of two 600 MW units.

Insolvency proceedings had been initiated for Lanco Amarkantak Thermal Plant in September 2019. The insolvency proceedings suffered several delays and in December 2023, Adani Power submitted its final bid for the thermal power plant. During the same time, Jindal Power had initially filed a petition with the National Company Law Tribunal (NCLT) to participate but ultimately did not submit a final bid.