Aryan M.P. Power Generation Private Limited (wholly owned subsidiary) was formed as a Special Purpose Vehicle (SPV) on May 9, 2008 with the objective of setting up 1200MW thermal power plant in the State of Madhya Pradesh.
On May 27, 2008, an implementation agreement was signed by ACB (India) Limited with the Government of Madhya Pradesh with regard to establishment of a 1,200 MW coal fired thermal power project in Madhya Pradesh which was transferred in the name of SPV on October 26, 2009.
The 1200 MW thermal power will be setup in 2 units of 600MW each. The Scheduled Commissioning Date of Unit I (600MW) is December'2016 and March'2017 for Unit II (600MW).