India-based Adani Power Ltd. has finalized its acquisition of Vidarbha Industries Power Ltd. for INR 4,000 crore, adding 600 MW of coal-fired power capacity in Maharashtra. The acquisition raises Adani Power’s total operational capacity to 18,150 MW and supports its broader goal to reach 30,670 MW by 2030, solidifying its position as the country’s largest private base-load power generator.
Adani Power Ltd. (APL), one of India’s largest private thermal power producers and part of the Adani Group, has successfully completed the acquisition of Vidarbha Industries Power Ltd. (VIPL) for INR 4,000 crore. VIPL operates a 2×300 MW coal-fired thermal power plant in Butibori, Nagpur district, Maharashtra.
The acquisition follows the approval of Adani Power’s resolution plan by the National Company Law Tribunal (NCLT) Mumbai Bench on June 18, 2025, under the Insolvency and Bankruptcy Code (IBC). The plan was formally implemented on July 7, 2025.
With this acquisition, Adani Power’s total operational capacity has increased to 18,150 megawatts (MW), the company stated in its official release on July 8.
This acquisition is a significant milestone in our mission to unlock value through the turnaround of stressed power assets, We remain committed to India’s ‘Electricity for All’ vision by supplying affordable, reliable base-load power to drive sustainable economic growth.”
SB Khyalia, CEO of Adani Power
The company’s strategic roadmap includes the construction of multiple Ultra-supercritical Thermal Power Plants (USCTPP) and revival of previously acquired assets. These projects include:
- Six new 1,600 MW USCTPPs in Singrauli-Mahan (Madhya Pradesh), Raipur, Raigarh, and Korba (Chhattisgarh), and Kawai (Rajasthan)
- A greenfield 1,600 MW USCTPP in Mirzapur, Uttar Pradesh
- Revival of a 1,320 MW Supercritical power plant in Korba, Chhattisgarh
According to Adani Power, the company’s operational capacity is projected to reach 30,670 MW by 2030, positioning it as India’s largest private base-load power generation company.
VIPL was formerly part of RattanIndia Power Ltd., which had undergone insolvency proceedings due to financial stress.
This acquisition continues Adani Power’s broader strategy of consolidating its position in India’s energy market through brownfield and greenfield development, while also contributing to national energy security.