ADANI POWER LTD. - Clarifies on News Item

With reference to news item appearing in leading financial daily titled "Adani eyes Indiabulls' power Plant", Adani Power Ltd has clarified to BSE that :<br/><br/>"The Company keeps the exchange Informed about events. Information etc, Including price sensitive Information In accordance with regulatory requirements, We do not respond to market speculations/rumors. In the present case as referred In your letter, 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."