<p>Adani Power on Wednesday said that it has got National Company Law Tribunal (NCLT) approval to acquire Essar Power’s 1,200 MW thermal power project in Mahan, Madhya Pradesh.</p>.<p>NCLT, Principal Bench at New Delhi, in its order dated November 01, 2021, approved the resolution plan submitted by Adani Power Ltd for acquisition of EPMPL (Essar Power M P Ltd), a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code, Adani Power stated in a BSE filing.</p>.<p>EPMPL owns a 1,200 MW thermal power plant in Singrauli District, Madhya Pradesh.</p>.<p>The acquisition shall be subject to satisfaction of conditions precedent mentioned under the Resolution Plan, it stated.</p>.<p>Earlier in June this year, Adani Power had emerged as the successful bidder for the Essar Power’s 1,200 MW project.</p>.<p>According to industry sources, the deal size of the project is estimated at around Rs 2,800-3,000 crore.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p>Adani Power on Wednesday said that it has got National Company Law Tribunal (NCLT) approval to acquire Essar Power’s 1,200 MW thermal power project in Mahan, Madhya Pradesh.</p>.<p>NCLT, Principal Bench at New Delhi, in its order dated November 01, 2021, approved the resolution plan submitted by Adani Power Ltd for acquisition of EPMPL (Essar Power M P Ltd), a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code, Adani Power stated in a BSE filing.</p>.<p>EPMPL owns a 1,200 MW thermal power plant in Singrauli District, Madhya Pradesh.</p>.<p>The acquisition shall be subject to satisfaction of conditions precedent mentioned under the Resolution Plan, it stated.</p>.<p>Earlier in June this year, Adani Power had emerged as the successful bidder for the Essar Power’s 1,200 MW project.</p>.<p>According to industry sources, the deal size of the project is estimated at around Rs 2,800-3,000 crore.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>