Adani Power shares rose for the second straight session as two positive factors triggerred a rally today. Adani Power stock climbed over 3% in early deals to Rs 615 against the previous close of Rs 596.70. The multibagger stock from the Adani Group rose after the firm completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore.
VIPL is a 2×300 MW domestic coal-fired power plant in Butibori, Nagpur, Maharashtra. The company underwent Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). On June 18, 2025, the Mumbai Bench of the National Company Law Tribunal (NCLT) cleared Adani Power’s
resolution plan….