After Supreme Court order, Adani Power faces write-offs, restating accounts

Restructuring of power holdings likely

Adani Power faces write-offs, restating accounts and restructuring its power assets after the Supreme Court disallowed compensatory tariff for changes in international regulations.

“The company is exploring restructuring subsidiaries, so that all assets can be brought under the holding company,” said a person with knowledge of the development. An email query to Adani Power went unanswered.

Adani Power owns the 4,620 MW Mundra power plant, unlike other plants in Karnataka, Rajasthan, Jharkhand and Maharashtra, which are owned by subsidiaries. Adani Power has six subsidiaries.

“The idea is being considered, however, it is one of the many options being