Adani Group company, Adani Power Ltd (APL) on Tuesday announced that it has completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd (VIPL) for an aggregate consideration of Rs 4,000 crore. VIPL operates a 2×300 MW coal-fired power plant in Butibori, Nagpur district, Maharashtra.
VIPL was undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). On June 18, 2025, the Mumbai Bench of the National Company Law Tribunal (NCLT) approved Adani Power’s resolution plan. Subsequently, the plan was successfully implemented on July 7, 2025, it said.
Capacity boost and expansion plans
With this acquisition, Adani Power takes its operating capacity to 18,150 MW, cementing its position as India’s largest private base load power generation company with 30,670 MW of operational capacity by 2030.
APL is further undertaking the expansion of its base load power generation portfolio through a mix of brownfield and greenfield projects. The company is currently constructing six brownfield Ultra-supercritical power plants (USCTPP) of 1,600 MW each at its existing locations at Singrauli-Mahan in Madhya Pradesh, Raipur, Raigarh, and Korba in Chhattisgarh, and Kawai in Rajasthan, in addition to a 1,600 MW greenfield USCTPP at Mirzapur, Uttar Pradesh.
Apart from this, it is also reviving the construction of a 1,320 MW power plant at Korba that it has acquired previously.
“The acquisition of VIPL is a key milestone in Adani Power’s strategy to unlock value through the turnaround of stressed assets,” said SB Khyalia, Chief Executive Officer, Adani Power Ltd.
Shares of Adani Power were down 0.52 per cent at 11:30 am today at a trading price of Rs 593.60.