NSEGeneral Updates7 Sept 2026 · 7 Sept 2026, 04:31 pm
General Updates
Adani Power Limited · ADANIPOWER
✦ AI SummaryInsolvency
Adani Power Limited has informed the Exchange about Declaration of the Successful Resolution Applicant and issuance of Letter of Intent for acquiring GVK Energy Limited, a company undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code 2016.
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Adani Power Limited has informed the Exchange about Declaration of the Successful Resolution Applicant and issuance of Letter of Intent for acquiring GVK Energy Limited
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ADANIPOWER_07092026163040_APLLOIResoPlanapprovedbyCOCGVK07092026.pdf
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September 7, 2026
BSE Limited National Stock Exchange of India Limited
Floor 25, P J Towers, Exchange Plaza,
Dalal Street, Bandra Kurla Complex,
Mumbai – 400 001 Bandra (E), Mumbai – 400 051
Scrip Code: 533096 Scrip Code: ADANIPOWER
Dear Sirs / Madam,
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure
Requirements) Regulations, 2015 – Declaration of the Successful Resolution
Applicant and issuance of Letter of Intent for acquiring GVK Energy Limited
This is to inform that the Committee of Creditors ("COC") of GVK Energy Limited
(“GVKEL”), a company undergoing Corporate Insolvency Resolution Process ("CIRP")
under the Insolvency and Bankruptcy Code 2016 ("IBC") has approved the Resolution
Plan submitted by Adani Power Limited (“APL”).
In this regard, APL has received a Letter of Intent ("LOI") from the Resolution
Professional ("RP") on September 07, 2026, at 9.35 a.m.
GVKEL owns and operates a 330 MW hydroelectric power plant located in Uttarakhand
through its subsidiary Alaknanda Hydro Power Company Limited. The implementation
of the resolution plan is subject to the terms of the LOI and requisite approvals from
the National Company Law Tribunal, Hyderabad and / or any other regulatory authority
/ courts / tribunal (as the case may be) under applicable laws.
This is for your information and taking on record.
For Adani Power Limited
Puneet Bansal
Company Secretary
Adani Power Limited Tel +91 79 2656 7555
“Adani Corporate House” Fax +91 79 2555 7177
Shantigram, Near Vaishno Devi Circle, info@adani.com
S. G. Highway, Khodiyar, www.adanipower.com
Ahmedabad-382421, Gujarat India
CIN: L40100GJ1996PLC030533
Registered Office: “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad-382421