# Adani Power completes acquisition of GMR Chhattisgarh Energy

Adani Power completed the acquisition of GMR Chhattisgarh Energy (GCEL), which owns a 1,370 MW power plant in Raikheda, Raipur, at an enterprise valuation of approximately Rs 3,530 crore.

- Type: Acquisition
- Announced: 2019-08-02
- Where: Raikheda, Raipur, Chhattisgarh, India
- Value: $490.0M (35.3B INR)
- Status: completed
- Capacity: 1,370 MW
- Products: electricity
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Adani Power](https://endata.com/companies/15513.md) (acquirer)
- [GMR Chhattisgarh Energy](https://endata.com/companies/41087.md) (target)
- [GMR Group](https://endata.com/companies/41088.md) (partner)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/adani-power-completes-acquisition-of-gmr-chhattisgarh-energy/articleshow/70503363.cms), 2019-08-02: "The acquisition of GCEL was concluded at an enterprise valuation of approx. Rs 3,530 crore."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.