+
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
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code