on Tuesday announced a successful acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore.VIPL has become a wholly owned subsidiary of the company effective July 07, 2025 after Adani acquired 100% shareholding of the company.

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

Further, the Mumbai Bench of the National Company Law Tribunal (NCLT) approved Adani Power’s resolution plan on June 18, 2025, which was successfully implemented on July 7, 2025.

With this acquisition, Adani Power has expanded its total operating capacity to 18,150 MW. The company plans to achieve 30,670 MW capacity by FY 2029–30.

The thermal power giant aims to unlock value through turnaround of stressed assets, hence executing the successful acquisition of VIPL.“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 Ltd.