Adani Power Limited News

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and operator, today accomplished a discharge record of 1,64,914 metric tons of steam coal from vessel MV Marijeannie within 24 hours. MV Marijeannie carrying 1, 67,152 metric tons of steam coal for Adani Power Limited berthed at Mundra Port’s West Basin Port on 4 May 2016 by the port’s marine team. On this Milestone Mr. Ennarasu Karunesan CEO – APSEZ Mundra & Tuna Ports said “I would like to compliment my team for setting this record in India and the stake holders for having the trust in us. The current handling capacity of west port is 60 MMT of coal per annum. This record stands out as the fastest discharge rate in the history of any port in India.

Adani Enterprises Limited together with its subsidiaries Adani Ports and Special Economic Zone Limited (“APSEZ”) and Adani Power Limited (“APL”) today announced a composite Scheme of Arrangement (“Scheme”) for the demerger of the ‘Port Undertaking’ of AEL into APSEZ and demerger of the ‘Power Undertaking’ of AEL into APL and the emerging simplification of the corporate structure of the Adani Group. The Scheme also involves the demerger of the ‘Transmission Undertaking’ of AEL into Adani Transmissions Limited (“ATL”), a wholly owned subsidiary of AEL and the resulting listing of ATL on the BSE Limited and the National Stock Exchange of India Limited. Further Adani Mining Private Limited (“AMPL”), a wholly owned subsidiary of AEL is proposed to be merged into AEL under the aforesaid Scheme.