Adani Power Shares Climb After Vidarbha Acquisition

ower shares rose nearly 3% to an intraday high of Rs 615 on NSE, later trading at Rs 604.9, up 1.3%, following the completion of its Rs 4,000 crore acquisition of Vidarbha Industries Power Ltd (VIPL) on July 7, 2025. VIPL, a 600 MW coal-fired power plant in Butibori, Nagpur, was under Corporate Insolvency Resolution Process when the National Company Law Tribunal approved Adani’s resolution plan on June 18, 2025. This acquisition boosts Adani Power’s operating capacity to 18,150 MW, aligning with its goal of reaching 30,670 MW by 2030. CEO SB Khyalia emphasized the company’s commitment to affordable, reliable power for India’s sustainable growth. Jefferies maintains a ‘Buy’ rating with a Rs 690 target price, citing strong capacity addition and reduced risk profile.