New Delhi: Adani Power Limited has completed the acquisition of Vidarbha Industries Power Limited (VIPL), a 600 MW coal-based thermal power project in Nagpur, Maharashtra, for Rs 4,000 crore. The acquisition was carried out under the Corporate Insolvency Resolution Process (CIRP) and approved by the National Company Law Tribunal (NCLT), Mumbai bench, on June 18, 2025.
The resolution plan was implemented on July 7, making VIPL a wholly owned subsidiary of Adani Power, the company said in a statement on Tuesday.
With this addition, Adani Power’s total operational capacity has risen to 18,150 MW. The company said it is on track to achieve an installed capacity of 30,670 MW by 2029–30 through a mix of brownfield and greenfield projects.
VIPL consists of two 300 MW units that run on domestic coal. The company had been undergoing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) prior to the takeover.
“This acquisition is a key milestone in Adani Power’s strategy to unlock value through the turnaround of stressed assets,” said SB Khyalia, CEO of Adani Power Ltd. “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 is currently developing six ultra-supercritical thermal power projects (USCTPPs) of 1,600 MW each at its existing locations, including Singrauli-Mahan (Madhya Pradesh), Raipur, Raigarh, and Korba (Chhattisgarh), and Kawai (Rajasthan), along with a greenfield USCTPP at Mirzapur, Uttar Pradesh. It is also reviving a previously acquired 1,320 MW supercritical plant at Korba.
"With this, APL would cement its position as India’s largest private base load power generation company with 30,670 MW of operational capacity by 2030," said the company.