A company spokesperson termed it as "premature" to comment on likely sale of stake in the plant to GUVNL.

Adani Power, the spokesperson said, has total thermal power generation capacity of 10,440 MW. It directly owns and operates the 4,620 MW power plant at Mundra, and holds investment in three wholly owned subsidiaries that own and operate 3,300 MW at Tiroda, 1,320 MW at Kawai and 1,200 MW at Udupi, respectively.

"Now, as part of a restructuring exercise, Adani Power wants to separate its investment activity from the generating asset. It has, therefore, proposed to transfer the Mundra plant to a separate subsidiary by way of slump sale subject to board and necessary approvals, and retain the investments in subsidiaries with itself," the spokesperson said.

He added that following the recent the Supreme Court judgement, the company is "engaged with the stakeholders including GUVNL for possible remedial measures for long term sustainability of the Mundra Plant and various options are being explored presently."