Adani Power shares rose in July 8 trading session after completing the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore.
Shares of Adani Power surged nearly 3 percent to an intraday high of Rs 615 per share on the NSE. Later at around 9:45 a.m., the counter trimmed some of its gains to trade higher at Rs 604.9 apiece, up 1.3 percent. Shares of the company have been gaining for the last two days.
VIPL is a 2×300 MW domestic coal-fired power plant located in Butibori, Nagpur district of Maharashtra. The company was undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). On June 18, 2025, the Mumbai…