Adani Power shares rise 3% after completing acquisition of Vidarbha Industries Power
rose 3% to Rs 615 in Tuesday's trade on the BSE after the company completed the acquisition and resolution plan implementation of
Vidarbha Industries Power
Ltd (VIPL) for a total consideration of Rs 4,000 crore.
VIPL operates a 2×300 MW domestic coal-fired power plant in Butibori, Nagpur district, Maharashtra. The company was undergoing the
Corporate Insolvency Resolution Process
(CIRP) under the Insolvency and Bankruptcy Code (IBC). Adani Power's resolution plan was approved by the Mumbai Bench of the National Company Law Tribunal (NCLT) on June 18, 2025, and was successfully implemented on July 7, 2025.
by Taboola
by Taboola
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"As we continue expanding our portfolio, we remain committed to supporting India's vision of '
Electricity for All
' by delivering reliable, affordable base-load power that fuels the country's sustainable growth," said SB Khyalia, Chief Executive Officer, Adani.
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10 Nifty large-cap stocks with up to 38 buy calls; analysts see up to 20% upside
Adani Power shares price target
Live Events
According to Trendlyne data, the average target price for Adani Power shares is Rs 634, indicating an upside of about 6% from current levels. The consensus rating from three analysts is a 'Strong Buy'.
While the stock has declined 15% over the past 12 months, it has delivered a 145% return over the past two years. Adani Power currently commands a market capitalisation of Rs 2,29,912 crore.
The Relative Strength Index (RSI) stands at 64.2, suggesting the stock is neither oversold nor overbought. (RSI below 30 indicates oversold conditions; above 70 signals overbought.) The MACD is at 7.1, positioned above both its centerline and signal line—typically viewed as a bullish sign.
The stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs), indicating continued upward momentum.
Adani Power
Ltd. (APL), India's largest private thermal power producer, has an installed capacity of 18,150 MW across eight states, along with a 40 MW solar plant in Gujarat.
Also Read:
Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70%
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: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Time of India
12 minutes ago
- Time of India
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Banking, postal and other services are likely to face disruption on Wednesday as more than 25 crore workers affiliated with central and sectoral trade unions have announced to go on strike across the country to protest against new labour codes and privatisation, and press for demands such as minimum wage of Rs 26,000 and old pension scheme, according to union leaders. The general strike is expected to disrupt services in sectors like banking, insurance, postal, coal mining, highway and construction, a trade union official said. 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Live Events A R Sindhu, National Secretary of Centre of Indian Trade Unions (CITU) said around 25 crore workers, including workers in organised and unorganised sectors, are likely to take part in the general strike. "Protests will be held in industrial areas, services like banking, postal services, and public sector companies are likely to be closed," Sindhu told PTI. "Not all unorganised sector workers may be able to join the protest, but they will also be mobilised, and roadblocks and 'rail roko' (stopping railways) would also be done," she said. Sindhu said workers in the country are facing a grave situation. "In Delhi, how many workers earn over Rs 10,000 in a month? Even in the public sector, over 70 per cent of employees are contractual," she said. "Casualisation and unemployment are high. Farming is not viable anymore, so the poor people are forced to come to the cities to work. Wages have also been falling in real terms," she said. "Workers are not being criminalised for organising... Right to unionise is the basis of democracy," she said. She also called the strike another step forward in consolidating the emerging unity of workers and farmers. "We had joint action during the Farmers' Protests as well, this will be further consolidation of workers and farmers for future action," she said. Samyukt Kisan Morcha (SKM), which had led the 2020-21 farmers' protests, will hold protest rallies at the tehsil level across India on July 9 independently as well as in coordination with the trade unions and agricultural workers unions. SKM has urged farmers to intensify the struggle on demands, including enacting a law for MSP at C2 plus 50 per cent, with guaranteed procurement for all crops, comprehensive loan waiver to free the peasantry from the debt trap and end rampant peasant suicides across India, withdrawal of National Policy Framework on Agriculture Marketing. The SKM has also opposed bilateral and free trade agreements hurting agriculture, industry and services, privatisation of electricity, and "indiscriminate acquisition of land violating the Land Acquisition Act 2013. The NREGA Sangharsh Morcha has called for MGNREGA workers across the length and breadth of the country to participate in the general strike. Their demands include wages of Rs. 800 per day, resumption of MGNREGA in West Bengal, scrapping NMMS and ABPS, among other things. This is the 22nd General Strike since the advent of neo-liberal policies in India in 1991, as per the unions. The general strike was initially called for May 20 but was rescheduled following the Pahalgam terror strike and subsequent Operation Sindoor. The ten trade unions are INTUC, AITUC, HMS, CITU, AIUTUC, TUCC, SEWA, AICCTU, LPF and UTUC. A forum of 10 trade unions has given a 17-point charter of demand. 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Time of India
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Time of India
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