Team siliconindia

• Adani Power acquired 100% stake in Vidarbha Industries Power Ltd. for Rs 4,000 crore, making it a wholly owned subsidiary.
• The acquisition raises Adani Power’s total operating capacity to 18,150 MW, with a target of 30,670 MW by FY 2029–30.
• The deal is part of Adani’s strategy to revive stressed assets and support India’s “Electricity for All” vision.

Adani Power Ltd.announced the successful acquisition of Vidarbha Industries Power Ltd. (VIPL) for a total consideration of Rs 4,000 crore, marking a significant step in its strategy to revive stressed assets. With the acquisition completed on July 7, 2025, VIPL has become a wholly owned subsidiary of Adani Power.

Located in Butibori, Nagpur district of Maharashtra, VIPL operates a 2x300 MW domestic coal-fired power plant. The company was previously undergoing a 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, which was implemented successfully in less than a month.

This acquisition boosts Adani Power’s total operational capacity to 18,150 MW, as the company progresses toward its goal of reaching 30,670 MW by FY 2029-30. The move reflects Adani Power’s long-term strategy to unlock value through the turnaround of stressed thermal assets.

“This is a key milestone in our strategy”, said SB Khyalia, CEO of Adani Power. “We remain committed to delivering reliable, affordable base-load power aligned with India’s vision of ‘Electricity for All’".