In the first half of 2025, the Adani Group closed multiple deals across its core businesses, including power, ports, cement, and infrastructure. These acquisitions reflect a steady expansion strategy and operational integration across verticals.
Let’s take a look at the key acquisitions announced or completed between January and June 2025.
Adani Power completed the acquisition of Vidarbha Industries Power Ltd (VIPL), a 2x300 MW coal-based plant located in Butibori, Nagpur. The transaction, worth ₹4,000 crore, was carried out through the IBC route and approved by the NCLT Mumbai bench in June. The deal added to Adani Power’s total operational capacity, which now stands at 18,150 MW.
The company is expanding its base load power generation portfolio through brownfield and greenfield projects. With this acquisition, APL’s operating capacity has increased to 18,150 MW, the group said.
Ambuja Cements has increased its stake in Orient Cement by acquiring an additional 26%, taking its total ownership to 72.66%. The shares were purchased at a price of ₹395.40 each through an open offer conducted under SEBI’s Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011.
This move supports the Adani Group’s broader goal of strengthening its position in the cement industry. With its holding now above 70%, Ambuja is likely to gain more operational control and unlock efficiencies across production, distribution, and marketing functions.
Adani Ports and SEZ (APSEZ) approved the acquisition of Abbot Point Port Holdings Pte Ltd, based in Singapore, from a related group entity. This $2.4 billion non-cash deal will transfer control of a coal terminal in Queensland, Australia. The asset is linked to logistics operations for Adani’s Carmichael coal mine.
According to the company, the acquisition will help APSEZ move closer to its goal of doubling cargo volumes to 1 billion tonnes annually by FY30. It also opens up the possibility of increasing volumes from 35 million tonnes in FY25 to around 120 million tonnes, factoring in potential green hydrogen exports from Australia.
Adani Energy Solutions (AESL) acquired 100% stake in Mahan Transmission Ltd from REC Power Development and Consultancy. The ₹2,200 crore project will support 1,230 MW of power evacuation from Adani Power’s upcoming expansion in Mahan, Madhya Pradesh. This aligns with AESL’s plans to grow its transmission footprint.
The project is expected to aid MP's industrialisation push by ensuring reliable and efficient transmission of electricity.
Read More: Who Are the Competitors of the Adani Group? A Segment-Wise Breakdown
AdaniConneX, a joint venture under Adani Enterprises, acquired Granthik Realtors Pvt Ltd (GRPL) for ₹85.99 crore. GRPL is a pre-operational entity focused on infrastructure development. It holds land and licenses required for upcoming projects, potentially supporting data center or urban infra development plans.
GRPL has not yet started commercial operations and was established to focus on infrastructure development projects. The company owns a significant land parcel and has obtained essential licenses to initiate development work.
These assets are likely to give AdaniConneX (ACX) an early advantage in executing its infrastructure projects.
The Adani Group has reportedly submitted the highest bid to acquire Jaiprakash Associates Ltd (JAL), a financially stressed infrastructure and real estate company undergoing insolvency proceedings. The bid, valued at ₹12,500 crore, was submitted as part of a resolution process.
If approved, the acquisition would mark another significant expansion for the Adani Group in both infrastructure and real estate.
The Adani Group’s acquisition activity in H1 2025 highlights a measured approach to asset expansion across power, ports, cement, and infrastructure verticals. These deals appear aligned with the group's long-term focus on integration and capacity building. While several transactions have already been completed, others are still underway.
A key development to watch will be how the resolution process for Jaiprakash Associates unfolds in the coming months, given the scale of assets and competing bids involved. The outcome could shape Adani’s footprint in the real estate and infrastructure space further.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 16, 2025, 12:32 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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