Adani Power has officially completed its acquisition of Vidarbha Industries Power Ltd (VIPL) for Rs 4,000 crore, confirming its position as India's largest private sector thermal power producer.
Completion of the acquisition was approved by the Mumbai Bench of the National Company Law Tribunal (NCLT) on June 18 and marks a major milestone in Adani Power's fast-track expansion plan. The acquisition closed on July 7, 2025.
With this strategic move, Adani Power has acquired a 600 MW coal-based thermal plant located at Butibori (Nagpur) that will now be part of its growing energy business, increasing its total operating capacity at that time to approximately 18,150 MW. The plant has two units of 300 MW each and was previous controlled by Reliance Power, which faced operational difficulties due to fuel supply issues and lack of long-term power purchase agreements.
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This is consistent with a broader vision on the part of Adani Power to ramp-up portfolio capacity to 30,670 MW by 2029-30 comprised of brownfield and greenfield ultra-supercritical projects throughout India. Industry analysts see the deal not only as a strong sign of consolidation for the thermal power segment but also indication that distressed assets are getting a second chance in light of India's Insolvency and Bankruptcy Code (IBC).
Adani’s entry is also expected to revive local industrial hopes in Nagpur for stable, captive power supply.
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