According to reports, Adani Power has successfully acquired Vidarbha Industries Power Ltd (VIPL) for a substantial amount of Rs 4,000 crore, resulting in a significant increase in its total capacity to 18,150 MW.
Key highlights:
• Adani Power’s acquisition of VIPL strengthens its position in the Indian energy sector.
• The deal is expected to enhance Adani Power’s operational footprint and market share.
• VIPL’s 600 MW thermal power plant in Chandrapur, Maharashtra, is now under Adani Power’s portfolio.
The development signifies Adani Power’s strategic growth in the energy industry and presents promising investment opportunities in the Indian power sector.
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