Ambani-Adani strategic collaboration: Reliance will purchase 26% share in 600MW Mahan Energen power plant for Rs 50 crore.
Reliance Industries (RIL) and Adani Power have struck a 20-year power purchase deal for 500 MW, marking a rare strategic partnership between companies founded by two of India’s richest men.Mukesh Ambani’s business would pay Rs 50 crore to acquire a 26% interest in Mahan Energen’s 600MW thermal power facility. The latter is a completely owned …