Try GOLD - Free
Adani Power nears VIPL's acquisition
Mint Ahmedabad
|June 20, 2025
Adani Power Ltd has inched closer to acquiring the bankrupt Vidarbha Industries Power Ltd (VIPL), a former subsidiary of Reliance Power Ltd, adding to a list of distressed but strategically located power assets as it strives towards its goal.
The National Company Law Tribunal on 18 June approved Adani Power's ₹4,000 crore resolution plan to acquire VIPL following a majority nod in February by the distressed company's committee of creditors.
This story is from the June 20, 2025 edition of Mint Ahmedabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Ahmedabad
Mint Ahmedabad
Mahindra bets on SUVs for growth
Mahindra & Mahindra expects sales momentum to continue this year on the back of new product actions and a differentiated SUV portfolio created over the past four years, a top company executive said on Tuesday.
1 min
January 07, 2026
Mint Ahmedabad
Bollywood partners Hollywood for reach
Hollywood’s relationship with Bollywood is evolving.
1 mins
January 07, 2026
Mint Ahmedabad
Adani bond issue sees heavy demand
Adani Enterprises had planned to raise ₹1,000 cr via sale of two-, three- and five-year bonds.
1 min
January 07, 2026
Mint Ahmedabad
JSW MG Motor revenue tops $1 billion, but losses widen
The auto company’s losses nearly doubled to ₹1,096 crore in FY25 from ₹586 crore in FY24
2 mins
January 07, 2026
Mint Ahmedabad
Centre weights credit guarantee scheme for microfinance firms
extended by member-lending institutions to NBFC-MFls and MFIs for onward lending to small borrowers.
2 mins
January 07, 2026
Mint Ahmedabad
Natco challenges Novo Nordisk’s Semaglutide patent
Hyderabad-based Natco Pharma Ltd has filed a patent revocation petition before the Delhi high court against Danish drugmaker Novo Nordisk, which sells weight-loss drug semaglutide under Wegovy brand name.
1 mins
January 07, 2026
Mint Ahmedabad
Ten top video games to look forward to in 2026
From the long-awaited GTA VI to fresh horror, superhero and sci-fi epics, 2026 is shaping up to be a blockbuster year
3 mins
January 07, 2026
Mint Ahmedabad
Copper surges to fresh record
Copper extended a powerful rally after bursting through $13,000 a ton for the first time, as investors bet on tighter supply and a risk-on mood took hold in broader financial markets.
1 min
January 07, 2026
Mint Ahmedabad
Mandatory hallmarking for silver eyed
After making gold hallmarking mandatory, the government is now preparing to extend it to silver, beginning with a pilot project in select districts, a senior government official said on Tuesday.
2 mins
January 07, 2026
Mint Ahmedabad
China curbs military goods export to Japan on Taiwan remark
China imposed controls on exports to Japan with any military use, intensifying a dispute between Asia’s top economies over remarks Japanese Prime Minister Sanae Takaichi made last year on Taiwan.
1 min
January 07, 2026
Listen
Translate
Change font size