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Adani Power consolidates Rs 19,700 crore loans availed by six arms into single long-term debt

The revised arrangement will help the company reduce effective interest rate

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Latest News | Adani Power Consolidates Rs 19,700 Crore Loans Availed by Six Arms into Single Long-term Debt

Get latest articles and stories on Latest News at LatestLY. Adani Power on Thursday said it consolidated different short-term loan facilities worth Rs 19,700 crore availed by the company's six special purpose vehicles into a single long-term debt. Latest News | Adani Power Consolidates Rs 19,700 Crore Loans Availed by Six Arms into Single Long-term Debt.

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Adani Power arm-Mahan Energen and RIL ink exclusive long-term power purchase pact

Adani Power arm-Mahan Energen and RIL ink exclusive long-term power purchase pact
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Adani Power consolidates loans availed by six arms into single long-term debt

In a separate filing, Adani Power informed that its wholly-owned subsidiary Mahan Energen Limited (MEL) has entered into a 20-year long-term power purchase agreement with Reliance Industries Limited (RIL).

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Reliance Industries invests in Mahan Energen, a wholly-owned subsidiary of Adani Power

An investment agreement has been entered into among Mahan Energen Limited (MEL), a wholly owned subsidiary of Adani Power Limited (APL), Reliance Industries Limited (RIL) and APL, in terms of which RIL has agreed to subscribe and MEL has agreed .

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