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New Delhi: In a major development the shares of Adani Power rose nearly 3 percent in opening trade on Tuesday. This comes after Adani Groups power arm managed to successfully complete the acquisition and implementation of the resolution plan of Vidarbha Industries Power Ltd (VIPL). According to the company the acquisition was completed for Rs 4000 crore. It is important to note that the acquired asset a 2×300 MW domestic coal-based power plant is located in Butibori Nagpur district Maharashtra. Adani Power shares rose by as much as 2.56% to Rs 612 on the BSE while its market capitalisation climbed to Rs 2.35 lakh crore. The Adani Group stock opened higher at Rs 603 against the previous closing price of Rs 596.70 apiece. The acquisition of VIPL marks a key milestone in our strategy to unlock value through the turnaround of stressed assets. As we expand our portfolio we remain committed to India’s vision of ‘Electricity for All’ by delivering reliable and affordable base-load power to support sustainable economic growth said S.B. Khyalia CEO Adani Power. Vidarbha Industries Power Limited: Vidarbha Industries Power is a former subsidiary of Reliance Power The company was undergoing the corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code (IBC). On June 18 2025 the Mumbai Bench of the National Company Law Tribunal (NCLT) approved Adani Power’s resolution plan The plan was subsequently implemented on July 7 2025. Reliance Power controlled by Anil Ambani had exited VIPL after pledging all its shares to CFM Asset Reconstruction Private Limited (CFM ARC) an asset reconstruction company Here are some of the key details: Adani Powers operational capacity rises to 18150 MW after the acquisition. The company has released a statement stating that they are aggressively pursuing further expansion through both brownfield and greenfield ultra-supercritical thermal power projects The Adani Group company is currently constructing six brownfield ultra-supercritical power plants (USCTPP) of 1600 MW each at its existing locations. The locations are Singrauli-Mahan in Madhya Pradesh Raipur Raigarh and Korba in Chhattisgarh and Kawai in Rajasthan in addition to a 1600 MW greenfield USCTPP at Mirzapur Uttar Pradesh The Adani group is also reviving the construction of a 1320 MW supercritical power plant at Korba that it had acquired earlier. With this development Adani Power is set to solidify its position as India’s largest private base load power generation company aiming for an operational capacity of 30670 MW by 2030 the company stated.