In a major move within the Indian energy sector, Adani Power has finalized definitive agreements to acquire a 24 percent stake in Jaiprakash Power Ventures Limited, alongside other key thermal assets from Jaiprakash Associates Limited. The total consideration for the mega-deal is valued at approximately ₹4,193.59 crore.
According to recent regulatory filings, Adani Power executed a formal Share Purchase Agreement to secure the 24 percent shareholding of JPVL currently held by JAL. The financial layout for this specific equity acquisition stands at ₹2,993.60 crore.
Beyond the equity stake, Adani Power has also signed a comprehensive Business Transfer Agreement. This separate agreement paves the way for the acquisition of JAL’s 180-megawatt thermal power plant located in Churk, Uttar Pradesh. The transaction also includes an 11.49 percent stake in the Prayagraj Power Generation Company Limited, which was previously held by JAL. The financial consideration for the Churk plant and its associated assets is fixed at ₹1,200 crore.
This strategic expansion follows an earlier announcement made by Adani Power on March 19, 2026. At that time, the company had informed the stock exchanges of its in-principle interest in becoming one of the “Implementing Entities” under the National Company Law Tribunal-approved resolution plan for Jaiprakash Associates Limited.
This acquisition significantly bolsters Adani Power’s thermal energy footprint across the region, marking another aggressive step forward in the company’s ongoing growth strategy.
