Adani Power Completes Acquisition of 600 MW Vidarbha Power for ₹4000 Cr

Adani Power Ltd. has officially completed the ₹4,000 crore acquisition of Vidarbha Industries Power Ltd. (VIPL), a 600 MW coal-fired power plant located in Butibori, Nagpur district, Maharashtra.

Key Highlights of the Acquisition

• Deal Value: ₹4,000 crore
• Plant Capacity: 2×300 MW (600 MW total)
• Location: Butibori, Nagpur, Maharashtra
• Route: Acquired under the Insolvency and Bankruptcy Code (IBC)
• Approval: Resolution plan approved by the Mumbai Bench of NCLT on June 18, 2025
• Implementation Date: July 7, 2025

Strategic Impact

• New Total Capacity: Adani Power’s operational capacity now stands at 18,150 MW
• 2030 Target: On track to reach 30,670 MW by FY30 through a mix of brownfield and greenfield projects
• CEO Statement: SB Khyalia called it a “key milestone” in Adani Power’s strategy to revive stressed assets and support India’s “Electricity for All” vision

Expansion Projects Underway

• Building six 1,600 MW ultra-supercritical thermal power plants in Madhya Pradesh, Chhattisgarh, and Rajasthan
• Developing a 1,600 MW greenfield project in Mirzapur, Uttar Pradesh
• Reviving a 1,320 MW supercritical plant at Korba