News Desk. Gautam Adani is counted among the legendary industrialists of India. Adani’s business is constantly increasing. Gautam Adani has now taken another big step, which is being discussed. Adani Power Limited (Adani Power Limited) had been in talks for a long time to acquire an acquisition of 600 MW of Vidarbha Industry Power Limited, a subsidiary company of Reliance Power of Anil Ambani.

Now on June 18, the National Company Law Tribunal has approved Adani Power to buy VIPL for Rs 4000 crore. With this acquisition, Adani Power will help in increasing its capacity of power production and it will also be helpful in fulfilling the increasing power demand in the country. Adani Power presented a solution plan for this acquisition.

Now it will acquire 10 percent stake in VIPL with the acquisition of NCLT. Along with the payment of Rs 4,000 crore for the acquisition of the company in the successful resolution scheme, the company has also agreed to pay the liabilities of Rs 6,753 crore.

It may be noted that on 24 February, Adani Power had informed about the approval from the Committee of creditors for his solution plan for the acquisition of VIPL in his stock exchange finaling. Let us know that till June 19, the market capitalization of Adani Power has been Rs 2.07 lakh crore. On Thursday, its stock was priced at Rs 533.20. However, in the March quarter of FY 2025, there was a decline of 4 percent in the company’s net profit.