Adani Power Ltd’s board has approved slump sale of its flagship 4,620 Megawatt Mundra Power business to subsidiary Adani Power (Mundra) Ltd.
“Separation of the Mundra Power Generating Business into the transferee company (subsidiary) will put at par with the other operating subsidiaries of the transferor company (Adani Power), with specific strategic focus as well as specific financial arrangements,” the company said in a statement issued to the stock exchanges. Read More…
Credit By: ET Energy World
Latest posts by ET Energy World (see all)
- Coal India gives Rs 1,131 crore to LIC for new pension scheme covering 16,000 executives - April 24, 2019
- US to ensure steady oil supply for India - April 24, 2019
- SECI defers bids submission for 1,200 MW wind-solar hybrid capacities - April 23, 2019