Adani Power Acquires VIPL for ₹4,000 Crore

Adani Power Ltd (APL) has successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd (VIPL), a 2×300 MW coal-fired power plant located in Butibori, Nagpur district, Maharashtra.

The acquisition was concluded for a total consideration of ₹4,000 crore. VIPL had been undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), and Adani Power’s resolution plan was approved by the National Company Law Tribunal (NCLT), Mumbai Bench, on June 18, 2025.

The implementation of the plan was completed on July 7, 2025.

Expansion of Thermal Portfolio Underway

With this acquisition, Adani Power’s total operating capacity has increased to 18,150 MW. The company is actively expanding its base load power generation portfolio through a combination of brownfield and greenfield projects.

APL is currently constructing six Ultra Supercritical Thermal Power Plants (USCTPP) of 1,600 MW each across Madhya Pradesh, Chhattisgarh, and Rajasthan, as well as a 1,600 MW greenfield USCTPP in Mirzapur, Uttar Pradesh. It is also reviving the development of a previously acquired 1,320 MW Supercritical power plant at Korba, Chhattisgarh.

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.”

Adani Power Share Price Performance

On July 8, 2025, Adani Power share price opened at ₹603.50, up from its previous close of ₹597.15. At 9:48 AM, the share price of Adani Power was trading at ₹597.95, up by 0.13% on the NSE.

Also Read: Adani Enterprises to Raise ₹1,000 Crore Through NCDs, Issue Starts July 9! 

Conclusion

Through strategic acquisitions and large-scale capacity expansions, Adani Power is on track to solidify its position as India’s largest private base load power generation company. With a projected operational capacity of 30,670 MW by 2030, the company continues to play a key role in strengthening India’s energy infrastructure.

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