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Adani in early talks to acquire Reliance Power's troubled unit

Adani Group is exploring acquisition of Vidarbha Industries Power (VIPL), a subsidiary of Reliance PowerNSE -3.77 % which supplies electricity to Adani Electricity Mumbai, two people aware of the development said. The talks between billionaire Gautam Adani-led group and Anil Ambani-led Reliance Power are at an early stage, the persons cited earlier told ET. Both groups declined to comment on the matter.VIPL operates two 300 megawatt (MW) units at Butibori in Maharashtra, but it has not been generating any power since mid-January after Coal IndiaNSE 0.33 % stopped supplying coal over an ongoing litigation which is in the Delhi High Court and issues relating to payment. VIPL had shut its first unit of 300 MW before that. The spat has forced A.....

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