Adani Power Limited (APL), India’s largest private thermal power producer, has successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for a total consideration of INR 4,000 crore. The acquisition follows the approval of APL’s resolution plan by the National Company Law Tribunal (NCLT), Mumbai Bench on June 18, 2025, and its implementation on July 7, 2025.

VIPL operates a 2×300 MW domestic coal-fired power project located at Butibori, Nagpur, Maharashtra. The project had been under the Corporate Insolvency Resolution Process (CIRP) under India’s Insolvency and Bankruptcy Code (IBC).

With the completion of this transaction, Adani Power’s total operational capacity has risen to 18,150 MW, further solidifying its leadership position in India’s private thermal power sector. The acquisition is part of the company’s broader strategy to revive and scale up stressed power assets.

APL is also in the process of expanding its base-load generation portfolio with a combination of brownfield and greenfield ultra-supercritical power projects. The company is currently constructing six 1,600 MW brownfield USCTPPs at existing sites across Madhya Pradesh, Chhattisgarh, and Rajasthan, as well as a 1,600 MW greenfield plant in Mirzapur, Uttar Pradesh. It is also reviving the previously acquired 1,320 MW supercritical plant at Korba.

Upon completion of these ongoing and upcoming projects, Adani Power is expected to achieve an operational capacity of 30,670 MW by FY 2029–30.

Commenting on the acquisition, SB Khyalia, CEO of Adani Power, stated:

“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.”

💬 What’s Your Take?

• Is Adani Power’s expansion a long-term positive for India’s energy stability?
• Will thermal power remain relevant amid India’s renewable push?

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