Adani Power Ltd has completed the amalgamation of ten wholly owned subsidiaries with the company under a Scheme of Amalgamation sanctioned by the National Company Law Tribunal (NCLT).
The scheme became effective on September 25, 2026, after all conditions required for its effectiveness were fulfilled. The ten subsidiaries have consequently been amalgamated with Adani Power and dissolved without being wound up.
NCLT approvals complete merger process
The NCLT Ahmedabad Bench sanctioned the scheme on August 4, 2026, while the Mumbai Bench sanctioned it on September 24, 2026.
The appointed date under the scheme is April 1, 2025. The amalgamation covers Adani Power Dahej Ltd, Kutchh Power Generation Ltd, Resurgent Fuel Management Ltd, Mahan Fuel Management Ltd and Orissa Thermal Energy Ltd.
Ten entities consolidated into Adani Power
The other entities covered by the scheme are Korba Power Ltd, Anuppur Thermal Energy (MP) Pvt Ltd, Mirzapur Thermal Energy (UP) Pvt Ltd, Emberiza Infra Park Ltd and Vidarbha Industries Power Ltd.
The amalgamation consolidates the operations of the ten wholly owned subsidiaries into Adani Power and simplifies the group’s corporate structure.
Vidarbha Industries operates Nagpur plant
Vidarbha Industries Power is engaged in the generation and sale of power and has set up and commissioned a 600-MW thermal power plant in Nagpur.
The plant comprises two units of 300 MW each and forms part of the power generation assets brought together under the amalgamation.
Scheme aims to strengthen financial profile
“The proposed amalgamation envisaged under this Scheme is intended to achieve size, scalability, integration, greater financial strength and flexibility thereby building a more resilient and robust organization that can address dynamic business situations and volatility in various economic factors in a focused manner, in order to achieve improved long-term financial returns,” Adani Power said.
The company expects the consolidation to provide enhanced scale of operations, improve creditworthiness through an optimised capital structure and cash flows, and strengthen its overall credit profile.
Corporate structure to be simplified
The amalgamation is also expected to enhance the combined entity’s leveraging capability and simplify the corporate structure.
The company said the consolidation would provide greater financial strength and flexibility while enabling it to respond to changing business conditions and economic factors.