Adani Power Acquires 600 MW Vidarbha Industries Power For Rs 4,000 Crore; Targets 30,670 MW Capacity By 2030

Adani Power Ltd (APL) on Tuesday announced it has successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd (VIPL) for Rs 4,000 crore.

VIPL, a 2×300 MW coal-based power plant in Butibori, Nagpur, was under insolvency proceedings when acquired through the IBC process, according to APL’s press release.

According to a report by The New Indian Express, the Mumbai bench of National Company Law Tribunal (NCLT) approved APL’s resolution plan on 18 June, which was successfully implemented on Monday (7 July), the company said.

APL is expanding its base load generation with six 1,600 MW brownfield ultra-supercritical plants in Madhya Pradesh, Chhattisgarh, and Rajasthan, and a 1,600 MW greenfield plant in Mirzapur, Uttar Pradesh.

A 1,320 MW project in Korba is also being revived.

The company aims to reach an operational capacity of 30,670 MW by 2030, reinforcing its position as India’s top private base load power generator.

CEO S B Khyalia said acquiring VIPL marks a key step in APL’s strategy of reviving stressed assets and supporting India’s goal of affordable, reliable electricity for all.

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