Competition commission okays Adani-Lanco power plant deal
Fair trade watchdog, Competition Commission of India (CCI), has approved Adani Power’s Rs.6,000 crore purchase of Lanco Infratech’s 1,200 MW thermal plant in Udupi, Karnataka, setting at rest concerns on monopolising market share.
“Post combination the combined market share of the acquirer, both in terms of installed capacity and electricity generation, would not be significant enough to raise any competition concern,” CCI said in its order on the matter, released Thursday.