Ahmedabad (Gujarat) [India], July 8 (ANI): Adani Power, India's leading private thermal power producer, successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore, as per the official statement by the company.

The company stated on Tuesday that VIPL is a 2x300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra. VIPL was undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC).

On June 18, 2025, the Hon'ble Mumbai Bench of the National Company Law Tribunal (NCLT) approved Adani Power's resolution plan. Subsequently, the plan was successfully implemented on July 7, 2025.

Adani Power takes its operating capacity to 18,150 MW with this acquisition. APL is further undertaking the expansion of its base load power generation portfolio through a mix of brownfield and greenfield projects.

The company also informed that it is currently constructing six brownfield Ultra-supercritical power plants (USCTPP) of 1,600 MW each at its existing locations at Singrauli-Mahan in Madhya Pradesh, Raipur, Raigarh, and Korba in Chhattisgarh, and Kawai in Rajasthan, in addition to a 1,600 MW greenfield USCTPP at Mirzapur, Uttar Pradesh.

Apart from this, it is also reviving the construction of a 1,320 MW Supercritical power plant at Korba that it had acquired previously. With this, APL would cement its position as India's largest private base load power generation company with 30,670 MW of operational capacity by 2030.

'The acquisition of VIPL is a key milestone in Adani Power's strategy to unlock value through the turnaround of stressed assets. As we continue expanding our portfolio, we remain committed to supporting India's vision of 'Electricity for All' by delivering reliable, affordable base-load power that fuels the country's sustainable growth,' said SB Khyalia, Chief Executive Officer, Adani Power.

Adani Power Ltd. (APL), part of the Adani portfolio, is India's largest private thermal power generation company.

The company has an installed capacity of 18,150 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. (ANI)