+
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.” 

Next Story
Real Estate

Manglam, Fern Hotels Sign 200+ Key Apart’otel in Jaipur’s Pinkwalk

Manglam Group has signed a 200+ key serviced apart’otel under the Fern Habitat brand in Jaipur, marking a key milestone in its Rs 10 billion hospitality investment strategy. Located within Pinkwalk, Manglam’s flagship mixed-use development in Jagatpura, the project will cater to both short and extended-stay travellers with apartment-style units paired with hotel services. The Fern Habitat Pinkwalk will offer fully serviced accommodations with kitchenettes, daily housekeeping, and on-site dining. The concept blends the independence of apartment living with the comfort of hotel-grade am..

Next Story
Real Estate

Schon Doorways Launches Monsoon-Ready Aluminium Casement Windows

Schon Doorways, a premium player in doors and window solutions, has launched its new range of aluminium casement and sliding windows, designed specifically to endure the Indian monsoon. Engineered with high-performance tempered glass and ultra-slim aluminium profiles, the windows combine aesthetic appeal with monsoon resilience. Available in single and double track options, the windows offer anti-collision strips, flyscreens, and high load-bearing strength—providing protection against heavy rains, strong winds, and pests. Wall thickness ranges from 1.6 mm to 5.00 mm, offering flexibilit..

Next Story
Resources

LG Charts Global HVAC Leadership With AI, Acquisitions and Localisation

LG Electronics has unveiled a strategic roadmap to transform its ES Company into a top-tier global HVAC solutions provider by 2030, targeting KRW 20 trillion in revenue. The plan, announced at LG Sciencepark, South Korea, focuses on expanding B2B industrial sales, advancing AI-based technologies for data centres, and strengthening localised operations across key regions. Central to LG’s roadmap is growth in the fast-expanding data centre cooling segment. With the global chiller market projected to reach USD 12 billion by 2027, LG aims for KRW 1 trillion in sales by 2027. The company has..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?