Adani Power has signed a binding term sheet to acquire a 100% stake in Korba West Power Company Limited as part of its strategy to enhance operational capacity and market presence in the Indian power sector.

Target Information

Adani Power has recently signed a binding term sheet to acquire a 100% stake in Korba West Power Company Limited. This strategic acquisition is poised to bolster Adani Power's position in the energy sector by enhancing its generation capacity and operational efficiencies.

In Q3 FY15, Adani Power reported significant growth, with consolidated total income reaching Rs 5,504 crore, a 31% increase compared to Rs 4,190 crore in Q3 FY14. The company's consolidated EBITDA for the same quarter surged by 58%, amounting to Rs 1,793 crore against Rs 1,133 crore in the previous year. This growth can be attributed to a higher volume of power sold and enhanced operational efficiencies.

Industry Overview

The power sector in India is undergoing significant transformation, driven by government initiatives and a favorable macroeconomic environment. As the country aims to imp