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.