Adani Power has merged 10 wholly owned subsidiaries into itself after tribunal approvals, with the merger taking effect from 25 September 2026.

Adani Power Ltd told exchanges that all conditions for the scheme have been met. The ten companies no longer exist as separate firms.

They stand amalgamated into Adani Power and have been dissolved without being wound up, which means they closed without a liquidation process.

The ten are Adani Power Dahej, Kutchh Power Generation, Resurgent Fuel Management, Mahan Fuel Management, Orissa Thermal Energy, Korba Power, Anuppur Thermal Energy (MP), Mirzapur Thermal Energy (UP), Emberiza Infra Park and Vidarbha Industries Power.

Kutchh Power Generation sat one level down, as a step-down subsidiary. The rest were direct subsidiaries. Two tribunal benches cleared the deal.

The Ahmedabad bench of the National Company Law Tribunal (NCLT) sanctioned nine of the mergers in an order dated 4 August.

Vidarbha Industries Power went to the Mumbai bench separately, which approved it on 24 September, a day before the scheme took effect. The merger carries two dates.

The appointed date, 1 April 2025, is when the merger counts for accounting. The effective date, 25 September 2026, is when it became legally binding.

The Mumbai case took a few months. Vidarbha filed its second motion petition on 20 May, the bench reserved its order on 29 July and then sanctioned the merger on 24 September.

The latest filing did not give the financial impact of the merger. It also did not say how the subsidiaries’ operations will be arranged inside the parent company.

Adani Power, part of the Adani Group and based in Ahmedabad, began operations in 2006 with its first plant at Mundra in Gujarat.

It calls itself India’s largest private thermal power producer, with installed capacity of 17,550 MW. It also runs a 40 MW solar plant in Gujarat.

With the merger done, the parent now holds the businesses, assets and liabilities of all ten companies directly.

Tired of missing hot stocks? Tradz by EquityPandit provides powerful tools like stock scans and more help you make informed trading decisions. Download now and take control of your portfolio!

.