Adani Power completes acquisition of Vidarbha Industries Power Ltd, aims for 30,670 MW capacity by 2030

Adani Power Ltd. (APL) has completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for INR 4,000 crore, according to a release issued by the company on Tuesday (July 8,. 2025) morning. VIPL operates a 2×300 MW coal-fired power plant in Butibori, Nagpur district, Maharashtra.  

VIPL was under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). The National Company Law Tribunal (NCLT) Mumbai Bench approved Adani Power’s resolution plan on June 18, 2025. Subsequently, the plan was implemented on July 7, 2025.  

With this acquisition, APL’s operating capacity has increased to 18,150 MW, the group 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,” SB Khyalia, Chief Executive Officer of Adani Power Ltd., said. 

The company is expanding its base load power generation portfolio through brownfield and greenfield projects. “APL is constructing six 1,600 MW Ultra-supercritical power plants (USCTPP) at Singrauli-Mahan in Madhya Pradesh, Raipur, Raigarh, and Korba in Chhattisgarh, and Kawai in Rajasthan. It is also building a 1,600 MW greenfield USCTPP at Mirzapur, Uttar Pradesh. Additionally, APL is reviving construction of a 1,320 MW Supercritical power plant at Korba, which it acquired earlier,” the release further read.

It said that by 2030, APL’s operational capacity will reach 30,670 MW, making it India’s largest private base load power generation company.