India’s second richest man and veteran businessman Gautam Adani is continuously expanding the scope of his business in the country and abroad. In this sequence, he is going to buy a bankrupt company of Anil Ambani. In fact, talks were going on for a long time to acquire the 600 MW Butibori thermal power plant of Vidarbha Industries Power Limited (VIPL), a subsidiary of Reliance Power of Adani Power Limited. This plant is located in Nagpur.
Adani Power to Acquire VIPL for ₹4,000 Crore
Finally, on June 18, the National Company Law Tribunal has approved Adani Power to buy VIPL for Rs 4000 crore. With this acquisition, Adani Power will be able to increase its capacity of power generation, and it will also prove helpful in meeting the increasing demand for electricity in the country.
Adani to Take 100% Stake in Reliance’s Subsidiary
Let us tell you that A Power had presented a solution plan for this acquisition. Now with the acquisition of NCLT, it will acquire 100 percent stake in VIPL. In the successful resolution plan, along with the payment of Rs 4,000 crore for the acquisition of the company, the company has also agreed to pay liabilities of Rs 6,753 crore.
Adani Power’s Market Position in 2025
Market Cap Reaches ₹2.07 Lakh Crore – On February 24, Adani Power in its stock exchange filing informed about getting approval from the Committee of Creditors (COC) for its resolution plan for the acquisition of VIPL. Let us tell you that as of June 19, the market capitalization of Adani Power stood at Rs 2.07 lakh crore.
Q4 FY25 Net Profit at ₹2,637 Crore – Its share price on Thursday was Rs 533.20. The company’s net profit declined by 4 per cent in the March quarter of FY25 to Rs 2,637 crore as against Rs 2,737 crore in the same period a year ago.
