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Gautam Adani pays Rs 40000000000 for Anil Ambani’s former company, Adani Power acquires…
24htopnews | July 8, 2025 6:06 PM CST

Adani Power Ltd on Tuesday announced that it has completed the acquisition of Vidarbha Industries Power Ltd which has a capacity of 600 megawatts (MW) through the insolvency process for a total consideration of Rs 4000 crore. On June 18 2025 the Mumbai Bench of the National Company Law Tribunal (NCLT) approved its resolution plan for Vidarbha Industries Power Ltd (VIPL) Adani Power Ltd (APL) said in a statement. Adani Power Acquires Vidarbha Unit Subsequently the plan was successfully implemented on July 7 2025 taking APLs operating capacity to 18150 MW with this acquisition.  VIPL is a 600 MW domestic coal-fired power plant (2×300 MW units) located in Butibori Nagpur district Maharashtra. APL has successfully completed the acquisition and implemented the resolution plan for VIPL for an aggregate consideration of Rs 4000 crore. The company further said its on track to achieve its target of 30670 MW capacity by 2029-30. It is further undertaking the expansion of its base-load power generation portfolio through a mix of brownfield and greenfield projects. What Company Is Currently Operating? The company is currently constructing six brownfield Ultra Supercritical Power Thermal Plants (USCTPP) of 1600 MW each at its existing locations in Singrauli-Mahan (Madhya Pradesh) Raipur Raigarh and Korba (Chhattisgarh) and Kawai (Rajasthan) in addition to a 1600 MW greenfield USCTPP at Mirzapur Uttar Pradesh. Additionally it is setting up a 1600 MW greenfield USCTPP in Mirzapur Uttar Pradesh. Apart from this it is also reviving the construction of a 1320 MW Supercritical power plant at Korba that it had acquired previously. SB Khyalia Chief Executive Officer Adani Power Ltd said As we continue expanding our portfolio we remain committed to supporting Indias vision of Electricity for All by delivering reliable affordable base-load power that fuels the countrys sustainable growth. APL part of the Adani portfolio is Indias largest private thermal power generation company. The company has an installed capacity of 18150 MW across thermal power plants in Gujarat Maharashtra Karnataka Rajasthan Chhattisgarh Madhya Pradesh Jharkhand and Tamil Nadu. It also operates a 40 MW solar power plant in Gujarat.  (With Inputs From PTI)


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