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Adani Power Solutions seeks to divest Dahanu system to Adani Power Company News

.2 min read through Last Upgraded: Jul 29 2024|6:38 PM IST.Power gear box as well as distribution company Adani Electricity Solutions (AESL) hopes to divest its own Dahanu nuclear power plant to team company Adani Electrical power, according to folks aware. The technique remains in line along with previous property sales within team bodies.Recently, AESL said the firm, honouring its ESG devotion, has decided to divest the Dahanu thermic plant. According to folks well-informed, AESL aims to unload the asset to group body Adani Electrical power.Adani Energy, likewise a listed entity, currently runs a thermic power capability of 15.25 gigawatts (GW).An email question sent out to the firm on Friday continued to be unanswered.In its annual record for FY24, Adani Electricity took note programs to carve out the Dahanu possession in the existing fiscal year. The five hundred MW production unit is actually a legacy asset that became part of the Mumbai electrical power circulation company that Adani Electricity obtained from Anil Ambani's Dependence Framework in 2018.Information about what appraisal or design the divestment in between the two companies are going to happen is not known. In its June 2024 quarter end results, however, Adani Electricity said it is taking an one-time problems of Rs 1,506 crore in connection with the divestment of the asset.If performed, the package between Adani Energy as well as AESL will be in pipes along with other group entities like Adani Enterprises as well as Ambuja Cements. In June, Adani Enterprises claimed its own panel has authorized a scheme to combine Stratatech Mineral Assets Private Limited, its wholly-owned subsidiary, with Mahan Energen Limited, a wholly-owned subsidiary of Adani Energy.The reasoning for the technique, Adani Enterprises at that point stated, was actually "SMRPL is the allocatee of Dhirauli charcoal mine and is (presently) part of the Commercial Exploration section under the Natural Resources (NR) upright of Adani Enterprises, which is slowly relocating in the direction of growth and procedure of mines (MDO).".In the very same month, Adani Group also declared a merging and ownership restructuring for its concrete properties housed under Ambuja Cements and also Adani Enterprises. As portion of the scheme, Adani Cementation will be actually combined with Ambuja, while Adani Concrete Industries are going to end up being a wholly-owned subsidiary of Ambuja Cements.First Published: Jul 29 2024|6:38 PM IST.