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Adani Power Merger: 10 Companies Approved for Integration, NCLT Gives Green Light.
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CNBC Awaaz•25-09-2026, 14:24
Adani Power Merger: 10 Companies Approved for Integration, NCLT Gives Green Light.
- •Adani Power received tribunal approvals for the merger of 10 subsidiary companies into itself.
- •The Mumbai NCLT bench approved the merger of Vidarbha Industries Power Limited on September 24, while the Ahmedabad bench approved the remaining nine companies on August 4.
- •The merged entities include Adani Power Dahej, Kutch Power Generation, Resurgent Fuel Management, Mahan Fuel Management, Odisha Thermal Energy, Korba Power, Anuppur Thermal Energy MP, Mirzapur Thermal Energy UP, Amberiza Infra Park, and Vidarbha Industries Power.
- •The company expects the merger to lead to better operational control, optimal resource utilization, administrative cost savings, and improved debt-raising ability.
- •No new shares will be issued to existing Adani Power shareholders; shares of subsidiary companies will be canceled upon merger implementation.
Key Questions Answered
The merger approvals came from two National Company Law Tribunal benches. The Mumbai bench approved the merger of Vidarbha Industries Power Limited on September 24, while the Ahmedabad bench approved the remaining nine companies on August 4, 2026.
No new equity shares will be issued to existing Adani Power shareholders, and subsidiary shares held by the group will be canceled upon implementation.
Adani Power anticipates better operational control, optimal resource utilization, administrative cost savings, and a stronger credit profile that could reduce future borrowing costs.
