Adani Power has completed the acquisition and implementation of a resolution plan for Vidarbha Industries Power Ltd. (VIPL) for a total payment of Rs 4,000 crore. As of July 07, 2025, VIPL has become a wholly owned subsidiary after Adani purchased 100 percent of its shares.

VIPL operates a domestic coal-fired power plant with a capacity of 2x300 MW located in Butibori, in the Nagpur district of Maharashtra. The company was undergoing the Corporate Insolvency Resolution Process (CIRP) as per the Insolvency and Bankruptcy Code (IBC).

Moreover, on June 18, 2025, the Mumbai Bench of the National Company Law Tribunal (NCLT) approved Adani Power’s resolution plan, which was effectively put into action on July 7, 2025.

With this acquisition, Adani Power has increased its overall operating capacity to 18,150 MW. The company aims to reach a capacity of 30,670 MW by FY 2029–30.

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This thermal power leader seeks to create value by revitalizing stressed assets, thus successfully executing the acquisition of VIPL.

“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," said SB Khyalia, Chief Executive Officer, Adani Power Ltd.

The company has also announced that its operational capacity has increased to 18,150 MW following this acquisition. APL is actively expanding its base load power generation capabilities through a combination of brownfield and greenfield initiatives.

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Currently, it is developing six brownfield Ultrasupercritical power plants (USCTPP), each with a capacity of 1,600 MW, at its existing sites in Singrauli-Mahan in Madhya Pradesh, Raipur, Raigarh, and Korba in Chhattisgarh, as well as at Kawai in Rajasthan. In addition, a 1,600 MW greenfield USCTPP is being constructed at Mirzapur in Uttar Pradesh.