00:00Adani Group is preparing to make the biggest deal in the power sector and if this deal
00:07is completed, it will become the biggest player in the Adani Group power sector.
00:11And the interesting thing is that Adani's eyes are on Anil Ambani's power plant for
00:16this deal.
00:17Let's know the details of the whole deal in this video.
00:19So, according to this news, Adani Power is talking about buying the Bhutibori Thermal
00:24Power Project of 600 MW in Nagpur for Rs 2,000 to 3,000 crores.
00:29Prior to this, its control was with Anil Ambani's Reliance Power.
00:33Adani Group is ready to pay Rs 4 to 5 crores per MW for this plant.
00:39There are two power plant units in this project, whose valuation was Rs 6,000 crores earlier.
00:44But after the production stopped, the valuation was halved.
00:47This plant fits in Adani Group's strategy and now Reliance Power's subsidiary company
00:53Vidharm Industries Power has full control over it.
00:56Adani Power is currently talking to CFM Asset Reconstruction Company to buy this closed
01:02plant, which is a company that gives a single loan for the power project.
01:07After getting stuck in the financial crisis of Reliance Power, this project was also closed
01:12and to buy it, Satyajit Jindal's company JSW Energy had also shown interest.
01:18But seeing more valuation and operation problems, they pulled their hands back, in which Adani
01:24Group is now showing its interest.
01:26Let me tell you that earlier in Mumbai, Reliance Power used to use this Bhutibori plant for
01:31electricity supply.
01:32But later Adani Electricity took away Mumbai's distribution business from them.
01:36In December 2019, the power purchase agreement between Vidharm Industries and Adani was also
01:41terminated.
01:42After this, the Bhutibori project was stuck in a financial crisis.
01:46Lenders have filed a Diwali complaint against the company, but the Diwali process has not
01:51started yet.
01:52Adani Group will buy it and connect it to its nearby Tiroda Power Plant.
01:57Well, let me tell you that if Adani Group completes this deal, it will become the biggest
02:02player in the power sector and along with it, one plant of Adani Group has also been started
02:07only to provide electricity to Bangladesh and in the same way Adani Group is operating
02:12many plants in the power sector.
02:14This deal can also see a sharp increase in revenue in Adani Group's power vertical.
02:18So this deal is very important for Adani Group because after this it will become the biggest
02:22player in the power sector.
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