Adani Power to Acquire Reliance Power's Butibori Plant for Rs.30 Bn

21 Aug 2024 CW Team

Adani Power has finalised a deal to acquire Reliance Power's Butibori plant for Rs.30 billion, marking a significant expansion in its energy portfolio. The acquisition aligns with Adani Power's strategic goal to bolster its presence in the Indian power sector and enhance its operational capabilities.

The Butibori plant, located in Maharashtra, has been a key asset for Reliance Power. Its acquisition by Adani Power is expected to strengthen the latter's footprint in the power generation industry, providing a boost to its overall capacity and operational efficiency. The transaction underscores Adani Power's commitment to expanding its energy assets and improving its market position.

This move is part of Adani Power's broader strategy to consolidate its holdings in the power sector and leverage existing infrastructure to drive growth. The acquisition will also help diversify Adani Power's energy generation portfolio, contributing to its long-term sustainability and competitive advantage.

The deal comes amid a backdrop of ongoing consolidation in the Indian power sector, as companies seek to optimise their operations and capitalise on emerging opportunities. By integrating the Butibori plant into its portfolio, Adani Power aims to enhance its ability to meet growing energy demands and achieve strategic growth objectives.

The acquisition is expected to be completed in the coming months, following regulatory approvals and customary closing conditions. Adani Power's acquisition of the Butibori plant reflects a strategic investment in expanding its operational scale and reinforcing its leadership in the Indian energy market.

Overall, the Rs.30 billion deal represents a significant step for Adani Power, marking a major milestone in its growth trajectory and strengthening its position in the power sector.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..