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Power pact: Ambani takes 26% in Adani's MP project
Credit: IndiaTimes- Published on March 28, 2024
Mukesh Ambani's Reliance to buy 26% in Adani's Mahan Energen unit, sourcing 500MW. The deal ensures exclusive power arrangement for 20 years. Adani and Ambani, industry rivals, venture into a strategic power agreement with undisclosed usage plans.
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Gautam Adani
Indian billionaire businessman
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Related news from verified sources
Mukesh Ambani's Reliance to buy 26% in Adani's Mahan Energen unit, sourcing 500MW. The deal ensures exclusive power arrangement for 20 years. Adani and Ambani,...
on March 28, 2024 • IndiaTimes
Mukesh Ambani's firm Reliance has picked up a 26% stake in Adani Power's project in Madhya Pradesh, signing a pact to use the plants' 500 MW of electricity for...
on March 28, 2024 • DNA
Reliance Industries acquires a 26% stake in Adani's Madhya Pradesh power project, marking the first collaboration between Mukesh Ambani and Gautam Adani....
on March 28, 2024 • IndiaTimes