Adani Power has agreed to acquire controlling equity stake and restructure debt in GCEL.

Adani Power, a private thermal power producer, has agreed to acquire controlling equity stake and restructure debt in GCEL, power plant owner from GMR Group. Financial terms were not disclosed. Successful acquisition of GCEL and KWPCL will consolidate APL's position as India's leading private sector thermal power producer with combined thermal power capacity of 12.410 MW. Further, this reaffirms APL's credentials in development and operation of greenfield projects, and also successfully turning around brownfield acquisitions.