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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.

- KRISHNA YADAV

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.

Mint Ahmedabad'den DAHA FAZLA HİKAYE

Mint Ahmedabad

Mint Ahmedabad

Indian Railways eyes rust-resistant rails

The Indian Railways plans to use galvanized steel rails in coastal and high-humidity regions to reduce corrosion and quadruple track life, two people aware of the development said.

time to read

2 mins

January 12, 2026

Mint Ahmedabad

Mint Ahmedabad

Trump wants Cuba to strike deal with US

US President Donald Trump on Sunday suggested Cuba should strike a deal with Washington, warning that the island nation would no longer receive oil or money from Venezuela.

time to read

1 min

January 12, 2026

Mint Ahmedabad

Mint Ahmedabad

Hedge funds get ready for the 'Donroe Doctrine' trade

Call it the “Donroe trade.”

time to read

4 mins

January 12, 2026

Mint Ahmedabad

Iran: Oil turmoil?

As urban spaces rage with protests, Iran seems in turmoil again.

time to read

1 min

January 12, 2026

Mint Ahmedabad

Mint Ahmedabad

Infosys risks losing $150 mn a year from Daimler, one of its largest clients

spending.

time to read

3 mins

January 12, 2026

Mint Ahmedabad

Mint Ahmedabad

Fifa trophy revives India’s unfinished football journey

Coca-Cola’s Ray saw the trophy’s return as more than a ceremonial stop on a global tour

time to read

3 mins

January 12, 2026

Mint Ahmedabad

Mint Ahmedabad

Executive coaching widens as firms look to keep talent

After corner suites, employers bring coaching to high-potential managers too

time to read

2 mins

January 12, 2026

Mint Ahmedabad

Mint Ahmedabad

EV startups may enter PLI Auto after nudge from PMO

Ather Energy, River Mobility and Euler Motors could benefit from the ₹25,938-crore scheme

time to read

2 mins

January 12, 2026

Mint Ahmedabad

Let our geopolitical strategy be like a patchwork quilt

Morning shows the day and developments during the first week of 2026 promise to turn the year into a geopolitical roller-coaster.

time to read

3 mins

January 12, 2026

Mint Ahmedabad

Iran threatens US, Israel amid protests

Iran's parliament Speaker warned Sunday that the US military and Israel would be \"legitimate targets\" if America strikes the Islamic Republic over the ongoing protests roiling the country, as threatened by US President Donald Trump.

time to read

1 min

January 12, 2026

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