India’s Adani Power has completed the acquisition of Vidarbha Industries Power Limited (VIPL) for an aggregate consideration of Rs40bn ($466m).
Vidarbha is a two-times-300MW coal-fired power plant situated in Butibori, in the Nagpur district of Maharashtra.
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The company was going through a corporate insolvency resolution process under the Insolvency and Bankruptcy Code before the acquisition.
In June 2025, the Mumbai bench of the National Company Law Tribunal approved Adani Power’s resolution plan, which was implemented in early July.
The acquisition strengthens Adani’s portfolio, increasing the company’s operating capacity to 18,150MW.
Adani Power CEO SB Khyalia stated: “The acquisition of VIPL is a key milestone in Adani Power’s strategy to unlock value through the turnaround of stressed assets.
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By GlobalData“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.”
Adani Power is also expanding its base load power generation portfolio through a combination of brownfield and greenfield projects.
Six brownfield ultra-supercritical power plants (USCTPP) with a capacity of 1,600MW each are currently under construction at existing locations: Singrauli-Mahan in Madhya Pradesh, Raipur, Raigarh and Korba in Chhattisgarh, and Kawai in Rajasthan.
A 1,600MW greenfield USCTPP is planned at Mirzapur in Uttar Pradesh.
APL is also undertaking construction on a previously acquired supercritical power plant in Korba with a planned output of 1,320MW.
These developments position APL as India’s largest private base load power generation entity with an operational capacity of more than 30GW by 2030.
In June 2025, Adani Energy Solutions Limited (AESL) obtained a Rs16.6bn ($194.2m) interstate transmission project in Maharashtra, India.
This initiative will be overseen by the newly established special-purpose vehicle, WRNES Talegaon Power Transmission.
