Current Affairs - Business

Adani Power Ltd acquired the 600 MW Vidarbha Unit, located in Nagpur, Maharashtra, for ₹4,000 crore through the insolvency resolution process. This acquisition, completed on July 7, 2025, was approved by the National Company Law Tribunal and adds significantly to the company’s growing energy portfolio. The Vidarbha Unit, formerly operated by Vidarbha Industries Power Ltd, consists of two 300 MW units powered by domestic coal. This strategic purchase increases Adani Power’s total operating capacity to 18,150 MW, reinforcing its position as India’s largest private thermal power producer and aligning with its target of reaching 30,670 MW by 2030.

Steel Authority of India Limited (SAIL) inaugurated its first overseas Representative Office in Dubai, United Arab Emirates. This strategic move aims to strengthen SAIL’s presence in the Middle East and North Africa (MENA) region, taking advantage of Dubai’s investor-friendly environment, robust infrastructure, and proximity to emerging steel markets. The office will facilitate direct interaction with international clients, enhance exports, and contribute to India's National Steel Vision of increasing steel production capacity. Dubai’s central role in global trade makes it an ideal location for SAIL’s expansion, supporting its goal of evolving into a globally competitive steel producer.

Adani Green Energy Limited (AGEL), a subsidiary of the Adani Group, has become the first Indian company to exceed 15 GW of installed renewable energy capacity, reaching 15,539.9 MW as of June 2025. This milestone reinforces AGEL's leadership in India's clean energy transition and places it among the top 10 independent power producers globally. The company's capacity includes solar, wind, and hybrid installations, and it recently added over 3,300 MW in a single fiscal year—an Indian record. AGEL’s achievement is also environmentally significant, offsetting 28.6 million tonnes of carbon annually and powering nearly 8 million households.

Adani Total Gas Ltd (ATGL) and Reliance BP Mobility Ltd (Jio-bp) have formed a strategic partnership to share fuel dispensing infrastructure across selected retail outlets in India. Under the agreement, ATGL will offer Jio-bp’s petrol and diesel at its stations, while Jio-bp outlets will dispense ATGL’s CNG. This collaboration aims to boost customer convenience, reduce duplication of infrastructure, and expand the presence of private players in India’s fuel retail market, which is predominantly controlled by public sector companies. The move is also a step toward enhancing operational efficiency and providing more energy options across their combined networks.

Tata Group achieved a historic milestone by becoming the first Indian brand to cross the $30 billion mark in brand valuation, reaching $31.6 billion as reported in the Brand Finance India 100 rankings for 2025. This 10% year-on-year growth highlights Tata’s continued dominance and strong global recognition. The group also led in sustainability perception value, further enhancing its brand strength. Tata’s success reflects the rising global stature of Indian corporate houses, while also setting a benchmark for other major players like Infosys, HDFC, and the rapidly growing Adani Group, showcasing India’s expanding influence on the world economic stage.