Adani Power to Acquire Reliance Power's Butibori Plant for Rs.30 Bn
POWER & RENEWABLE ENERGY

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

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.

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.

Next Story
Infrastructure Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025â..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?