Adani Power completely acquires 600 MW Vidarbha Power, costing Rs 4,000 crore
India’s largest private thermal power producer, Adani Power Ltd completed the acquisition and resolution plan of Vidarbha Industries Power Ltd.
Adani Power completely acquires 600 MW Vidarbha Power, costing Rs 4,000 crore
New Delhi: India’s largest private thermal power producer, Adani Power Ltd (APL) successfully completed the acquisition and resolution plan of Vidarbha Industries Power Ltd (VIPL) for the implementation of an aggregate amount of Rs 4,000 crore. Located in Butibori, Nagpur district in Maharashtra, the VIPL is a 2x300 MW of domestic coal-fired power plant.
Currently, the power plant is under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC).
The plan was subsequently implemented on July 7 after the Mumbai Bench of National Company Law Tribunal (NCLT) has approved the Adani Power’s resolution plan on 18th June 2025.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
With this acquisition, APL will take its operating capacity to 18,150 MW and will further undertake the expansion of its base load power generation portfolio through a combination of brownfield and greenfield projects.
Currently, the company is constructing six brownfield Ultrasupercritical power plants (USCTPP) of 1600 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.
Read Also : Bank of India delivers dividend cheque of Rs 1,353.05 crore to governmentAdditionally, the company is reviving the construction of a 1,320 MW Supercritical power plant at Korba that it has acquired previously.
SB Khyalia, Chief Executive Officer, Adani Power Ltd., said: “The acquisition of VIPL is a key milestone in Adani Power’s strategy to unlock value through the turnaround of stressed assets. As we continue expanding our portfolio, we remain committed to supporting India’s vision of ‘Electricity for All’ by delivering reliable, affordable base-load power that fuels the country’s sustainable growth.”
Read Also : Department of Financial Services clarifies media reports about directions given to Banks to close inactive PM Jan Dhan Yojana accounts