Adani Power Share Rises By 10% On Resolution Plan Approval To Acquire Vidharba Industries!

On Tuesday February 25, the stock of Adani Power is rising significantly in the stock market after the Committee of Creditors approved the resolution plan of Adani Power to acquire Vidharba Industries. This approval will boost the company and increase the confidence of investors which will help in the company growth.

Adani Power Share Price

The share price of Adani Power has increased by 9.5% and reached ₹ 514.75 on the Bombay Stock Exchange (BSE) during intraday trading and its Benchmark Index has increased slightly by 0.3%. The increase in the share price of Adani Power was supported by trading volumes.

As per its latest update, 1.38 million shares have been traded on the Bombay Stock Exchange (BSE) and when combined, its volume reached up to 15.34 million shares on the National Stock Exchange (NSE).

Additionally, the average trading volume of Adani Power in the last 2 weeks is only 0.51 million on Bombay Stock Exchange (BSE). Adani Power has also announced that the Committee of Creditors has approved the Resolution plan of Vidharba Industries Power Limited. On February 24, 2025, the company received a Letter of Intent through the company’s resolution and this was disclosed to the stock exchange.

Vidharba Industries is currently in financial insolvency and restructuring. This company operates 2×300 megawatt (Mw) thermal power plant which is currently located in MIDC Industrial Area in Butibori, Nagpur, Maharashtra. Last year, Adani Power had made some acquisitions which included Lanco Amarkantak Power Limited (LAPL) for ₹4,101 core, Coastal Energen for ₹3,330.88 crore and Dahanu Power Limited for ₹815 crore. All these acquisitions were a strategy to enhance the thermal power plant by Adani Power. All these were a strategy to strengthen the company’s portfolio by leveraging synergies and expand in the power sector.