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Adani Power Solutions tries to unload Dahanu unit to Adani Energy Provider Updates

.2 minutes reviewed Last Updated: Jul 29 2024|6:38 PM IST.Electrical power transmission and also distribution facility Adani Electricity Solutions (AESL) hopes to divest its Dahanu power plant to group body Adani Energy, according to folks in the know. The step is in line with previous asset sales within team companies.Recently, AESL stated the company, honoring its ESG devotion, has determined to divest the Dahanu thermal plant. According to folks aware, AESL seeks to divest the property to group body Adani Electrical power.Adani Electrical power, also a noted company, currently works a thermic power capacity of 15.25 gigawatts (GW).An email concern delivered to the company on Friday continued to be unanswered.In its yearly file for FY24, Adani Electricity noted programs to carve out the Dahanu asset in the existing financial year. The 500 MW generation system is actually a tradition asset that became part of the Mumbai electrical power circulation service that Adani Energy obtained from Anil Ambani's Reliance Facilities in 2018.Particulars about what appraisal or structure the divestment in between the 2 companies will happen is not known. In its June 2024 quarter end results, nonetheless, Adani Electricity said it is taking a single impairment of Rs 1,506 crore in relation to the divestment of the possession.If carried out, the deal in between Adani Electrical power as well as AESL will remain in line with other group entities including Adani Enterprises as well as Ambuja Cements. In June, Adani Enterprises stated its panel has approved a scheme to merge Stratatech Mineral Assets Private Limited, its wholly-owned subsidiary, with Mahan Energen Limited, a wholly-owned subsidiary of Adani Energy.The rationale for the action, Adani Enterprises then said, was actually "SMRPL is the allocatee of Dhirauli charcoal mine as well as is actually (currently) part of the Commercial Exploration segment under the Natural Assets (NR) vertical of Adani Enterprises, which is gradually moving in the direction of growth and also function of mines (MDO).".In the same month, Adani Team also announced a merging as well as possession rebuilding for its own cement assets housed under Ambuja Cements and also Adani Enterprises. As part of the scheme, Adani Cementation are going to be merged along with Ambuja, while Adani Cement Industries will definitely come to be a wholly-owned subsidiary of Ambuja Cements.First Posted: Jul 29 2024|6:38 PM IST.