Adani Mundra settles 2010 dispute with Gujarat Urja Vikas Nigam

To relinquish compensation from GUVNL and will not terminate PPA

Adani Power Mundra (APMuL) and Gujarat Urja Vikas Nigam (GUVNL) — which were in a legal battle since 2010 — reached an out-of-court settlement with APMuL agreeing to relinquish compensation from GUVNL and will not terminate the power purchase agreement (PPA).

While the compensation amount was not disclosed in the court order, it is estimated to run into thousands of crores.

GUVNL filed a curative petition with the Supreme Court in September 2021 asking for a review of the apex court’s 2019 order that favoured Adani. In the recent order dated December 4, the apex court noted that the two parties have