July 30, 2014

Press Release No. 1

News about Adani Power Limited and Indiabulls Power Limited

The media had reports that “Adani eyeing Indiabulls Amravati power plant.".

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the companies.

Adani Power Limited has vide its letter inter-alia stated," We deny the news item. However, as one of the leading power producer of the country, we keep on looking for business opportunities. In the event that there is any development that requires disclosure, we will make the same in accordance with regulatory requirements."

Indiabulls Power Limited has vide its letter inter-alia stated," The aforesaid news item is denied. However, as one of the eminent power companies of the country, we keep on looking for business opportunities. In the event that there is any development that requires disclosure, we will make the same in accordance with regulatory requirements."