Adani Power Ltd. (APL), India’s largest private thermal power producer, has successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore, the company said in a media statement.

Vidarbha Industries Power is a 2×300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra.

Vidarbha Industries Power was undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). On June 18, 2025, the Hon’ble Mumbai Bench of the National Company Law Tribunal (NCLT) approved Adani Power’s resolution plan. Subsequently, the plan was successfully implemented on…

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Twenty IT specialists from nine countries and territories completed a training course last month designed to ensure the smooth running of the Commonwealth debt management software within their jurisdictions.

The training was delivered by the Commonwealth Secretariat at its headquarters in London from 16 to 20 June 2025. It brought together IT specialists from the ministries of finance and central banks of the British Virgin Islands, Eswatini, Ghana, Kenya, Maldives, Samoa, Seychelles, Solomon Islands and Tanzania.  

All nine jurisdictions use the software to manage their public debt with greater accuracy, transparency and efficiency. 

The training focused on equipping participants with the technical…

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The Dartbrook coal mine has been placed into voluntary administration and receivership after failing to meet loan obligations totalling $US113.6 million (A$175 million) to Vitol Asia.

The mine, operated by Dartbrook Operations, a subsidiary of Australian Pacific Coal (AQC), is located in New South Wales’ Hunter Valley coal mining region. It operates as an 80:20 joint venture between Australian Pacific Coal and Tetra Resources.

The company confirmed the mine had entered administration late last week. Deloitte’s Richard Hughes and Timothy Heenan were appointed as voluntary administrators of Dartbrook Operations.

Dartbrook Coal Mine Site

What triggered Dartbrook’s collapse?

The financial crisis…