Adani Power Limited has informed the Exchange regarding 'Resolution Plan Of Jaiprakash Associates Limited - Intimation Regarding In-Principle Interest To Be One Of The Implementing Entities'.
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Adani Power has informed exchanges of its in-principle interest in becoming an 'Implementing Entity' under the resolution plan for Jaiprakash Associates Limited (JAL), which is undergoing corporate insolvency resolution under the Insolvency and Bankruptcy Code, 2016. The NCLT Allahabad bench approved the resolution plan submitted by Adani Enterprises Limited on March 17, 2026. Adani Power plans to acquire certain power assets and investments from JAL, subject to necessary approvals. The resolution plan allows Adani Enterprises to nominate one or more entities to implement the acquisition of JAL's assets.
Potentially positive for Adani Power shareholders if the acquisition goes through, as it could expand the company's power asset portfolio and market presence. However, this is only an in-principle expression of interest and remains subject to regulatory clearances and final implementation terms, so execution risk remains.