Adani Power Acquires 600 MW Vidarbha Plant for Rs 4,000 Crore
POWER & RENEWABLE ENERGY

Adani Power Acquires 600 MW Vidarbha Plant for Rs 4,000 Crore

Adani Power (APL), India’s largest private thermal power producer, has completed the acquisition of Vidarbha Industries Power (VIPL), a 600 MW coal-fired plant in Nagpur, Maharashtra, for Rs 4,000 crore. The transaction follows the approval of APL’s resolution plan by the National Company Law Tribunal (NCLT), Mumbai Bench, on June 18, 2025, under the Insolvency and Bankruptcy Code (IBC), with the implementation completed on July 7, 2025. 

With this acquisition, APL’s operational capacity increases to 18,150 MW. The company is on course to achieve 30,670 MW by 2029–30 through a mix of brownfield and greenfield expansion projects. These include six 1,600 MW ultra-supercritical thermal power plants under construction at existing sites across Madhya Pradesh, Chhattisgarh, and Rajasthan, and a greenfield project in Mirzapur, Uttar Pradesh. APL is also reviving a 1,320 MW supercritical plant at Korba. 

Commenting on the development, SB Khyalia, CEO, Adani Power Ltd, said, “The acquisition of VIPL is a key milestone in our strategy to unlock value from stressed assets. We are committed to supporting India’s ‘Electricity for All’ vision by delivering reliable and affordable base-load power for sustainable growth.” 

Adani Power (APL), India’s largest private thermal power producer, has completed the acquisition of Vidarbha Industries Power (VIPL), a 600 MW coal-fired plant in Nagpur, Maharashtra, for Rs 4,000 crore. The transaction follows the approval of APL’s resolution plan by the National Company Law Tribunal (NCLT), Mumbai Bench, on June 18, 2025, under the Insolvency and Bankruptcy Code (IBC), with the implementation completed on July 7, 2025. With this acquisition, APL’s operational capacity increases to 18,150 MW. The company is on course to achieve 30,670 MW by 2029–30 through a mix of brownfield and greenfield expansion projects. These include six 1,600 MW ultra-supercritical thermal power plants under construction at existing sites across Madhya Pradesh, Chhattisgarh, and Rajasthan, and a greenfield project in Mirzapur, Uttar Pradesh. APL is also reviving a 1,320 MW supercritical plant at Korba. Commenting on the development, SB Khyalia, CEO, Adani Power Ltd, said, “The acquisition of VIPL is a key milestone in our strategy to unlock value from stressed assets. We are committed to supporting India’s ‘Electricity for All’ vision by delivering reliable and affordable base-load power for sustainable growth.” 

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement