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

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..