Adani Power Surges on Securing LoI for Vidarbha Industries Power Acquisition
Shares of Adani Power Ltd. rallied 3.90% to ₹488.50 on Monday after the company received a Letter of Intent (LoI) for the acquisition of Vidarbha Industries Power (VIPL). The resolution professional overseeing VIPL’s insolvency proceedings issued the LoI on February 24, 2025, signaling a significant step forward for Adani Power in expanding its energy portfolio. … Read more