Adani Power share, Adani Group stocks: Adani Power share price marched ahead in stock market trade on Tuesday, February 25, after the company’s resolution plan for the acquisition of Vidarbha Industries was approved by the Committee of Creditors.
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Adani Power share zoomed 9.5 per cent to Rs 514.75 per share on the BSE in intraday trade today as against a 0.3 per cent gain in the benchmark Sensex index at 1:30 PM.
The rally in Adani Power share was backed by heavy volumes on the counter. Till the time of writing this report, 1.38 million shares had changed hands on the counter on the BSE. Combined with the volume on the NSE, a total of 15.34 million shares had changed hands on the Adani Power counter.
By comparison, the counter had a two-week average volume of 0.51 million on the BSE.
According to Adani Power, the Committee of Creditors of Vidarbha Industries Power Limited has approved the Resolution Plan submitted by Adani Power Limited.
“In this regard, Adani Power Ltd has received a Letter of Intent from the Resolution Professional on February 24, 2025,” it said in a stock exchange filing.
Vidarbha Industries is undergoing an insolvency process, as per the Insolvency and Bankruptcy Code, 2016. It owns and operates a 2×300 megawatt (Mw) thermal power plant located in MIDC Industrial Area, Butibori, Nagpur, Maharashtra.
Last year, Adani Power acquired Dahanu Power Ltd for Rs 815 crore, Lanco Amarkantak Power Limited (LAPL) for Rs 4,101 crore, and Coastal Energen for Rs 3,330.88 crore.
Adani Power has acquired these companies to consolidate the thermal power generation capacities of Adani portfolio companies in order to expand the synergistic benefits.
Adani Group Announces Investments in MP, Assam
Meanwhile, Gautam Adani, founder and chairman of the Adani group, committed investments worth Rs 1.1 trillion in Madhya Pradesh, during the Invest Madhya Pradesh–Global Investors Summit (MPGIS) 2025.
The investments will be made across sectors, including pump storage, cement, mining, smart meters, and thermal energy.
On Tuesday, Gautam Adani committed another Rs 50,000-crore worth of investments in Assam under Advantage Assam 2.0 Investment and Infrastructure Summit.
The Chairman said that investments in Assam would be done in multiple sectors, including airports, aero-cities, city gas distribution, transmissions, cement, and road projects.
On the bourses, Adani Enterprises share price advanced 2 per cent, Adani Total Gas share price 3.2 per cent, Adani Green Energy share price 3.7 per cent, and Adani Ports and SEZ share price 1.7 per cent in the intraday trade.
