The Butibori project is currently held by Vidarbha Industries Power, a subsidiary of Reliance Power. CFM ARC, which purchased all of its loans for ₹1,265 crore, is the sole lender to the project.

Reliance Power said it has synchronised the second 300 MW unit at Butibori thermal power plant in Maharashtra, taking the company's total operating capacity to 1,840 MW. The Butibori project ...

and 100% of VIPL's shares have been pledged to CFM in exchange for the release and discharge of the guarantee provided by Reliance Power. "VIPL ceases to be a subsidiary of the company and the ...