India: Adani Group to buy Welspun’s two power plants for nearly $62m

Visual from Adani Power website

Billionaire Gautam Adani-led Adani group has signed an initial agreement to buy two ready to build coal fired power plants from BK Goenka’s Welspun group for nearly $62 million (about Rs 400 crore), said a report in The Economic Times.

The two plants, located in Uttar Pradesh and Madhya Pradesh, respectively, have attained all the necessary regulatory approvals and can together generate 4000 megawatt of power.

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