DB Power Limited purchased by Adani Power
The subsidiary of conglomerate Adani Group, Adani Power has agreed to buy the thermal power assets of DB Power Limited (DBPL) from Dainik Bhaskar Group for around Rs Rs 7,017 crore. DB Power has 2 units of 600 MW each of thermal power in Chattisgarh and the power assets of DB Power are housed under a holding company called Diligent Power.
Two firms signed an agreement for the all-cash deal. Adani Group already owns thermal plants in the state.
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