Adani Power shares rose 3% to Rs 615 in Tuesdays trade on the BSE after the company completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd (VIPL) for a total consideration of Rs 4,000 crore.VIPL operates a 2300 MW domestic coal-fired power plant in Butibori, Nagpur district, Maharashtra.
The company was undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC).
Adani Powers resolution plan was approved by the Mumbai Bench of the National Company Law Tribunal (NCLT) on June 18, 2025, and was successfully implemented on July 7, 2025."As we continue expanding our portfolio, we remain committed to supporting Indias vision of Electricity for All by delivering reliable, affordable base-load power that fuels the countrys sustainable growth," said SB Khyalia, Chief Executive Officer, Adani.Also Read: 10 Nifty large-cap stocks with up to 38 buy calls; analysts see up to 20% upsideLive EventsAccording to Trendlyne data, the average target price for Adani Power shares is Rs 634, indicating an upside of about 6% from current levels.
The consensus rating from three analysts is a Strong Buy.While the stock has declined 15% over the past 12 months, it has delivered a 145% return over the past two years.
Adani Power currently commands a market capitalisation of Rs 2,29,912 crore.The Relative Strength Index (RSI) stands at 64.2, suggesting the stock is neither oversold nor overbought.
(RSI below 30 indicates oversold conditions; above 70 signals overbought.) The MACD is at 7.1, positioned above both its centerline and signal linetypically viewed as a bullish sign.The stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs), indicating continued upward momentum.Adani Power Ltd.
(APL), Indias largest private thermal power producer, has an installed capacity of 18,150 MW across eight states, along with a 40 MW solar plant in Gujarat.Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70%(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.
These do not represent the views of the Economic Times)