New Delhi, Feb. 27 -- Adani Power share price rallied nearly 3% on Thursday, extending its gains for the second consecutive session. The Adani group stock gained as much as 2.93% to Rs.512.30 apiece on the BSE.

Adani Power shares have rallied approximately 9% in two trading sessions. Today's gains in Adani Power stock price follows the 5.8% rally in Tuesday's (February 25) session. The Indian stock market was shut on Wednesday (February 26) on account of Mahashivratri.

Earlier this week, Adani Power had informed that it received approval from the committee of creditors for acquiring Vidarbha Industries Power Ltd (VIPL), a subsidiary of Reliance Power, Anil Ambani's Reliance Group firm.

"This is to inform that the Committee of Creditors...