(FE)
Adani Power, the country’s largest thermal power generator, will fully acquire DB Power for an enterprise value of ₹7,017 crore. DB Power, a Bhaskar Group-promoted company, owns and operates two thermal power plants with a capacity of 600 MW each in Chhattisgarh.
With this deal, Adani Power’s installed thermal power capacity would go up to 14,810 MW, from 13,610 MW at present. A further 1,600 MW capacity is under-construction. At its annual general meeting, the company had said the aim is to achieve a capacity of 16,850 MW by 2028. DB Power has a long- and medium-term power purchase agreement for 923.5 MW of its capacity, backed by fuel supply agreements with Coal India. It posted a turnover of ₹3,488 crore in FY22.
