Adani Power Completes Acquisition of Lanco Infra's Udupi Plant

New Delhi: Adani Power Ltd (APL) has completed the acquisition of Lanco Infratech's Udupi Power plant for Rs 6,300 crore, one of the largest takeovers in the country's thermal power space. Adani Power Ltd has completed "the acquisition of 100 per cent of the shares of Udupi Power Corporation Ltd (UPCL) from Hyderabad based-Lanco Infratech Ltd", it said in a statement. UPCL is a 1200-mw power plant based on imported coal and include...