Adani Power Expands Portfolio with ₹4,000 Crore Acquisition of 600 MW Vidarbha Plant

Mumbai, 8 July 2025: Adani Power Ltd. has finalised the acquisition of Vidarbha Industries Power Ltd. (VIPL), a 600 MW operational thermal power plant in Nagpur, Maharashtra, for ₹4,000 crore. The acquisition, approved by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, marks a major step in the company’s long-term growth strategy and strengthens its leadership in India’s private thermal power sector.

₹4,000 Crore Transaction Secures 100% Stake in Strategic Maharashtra Plant

 Adani Power completed the acquisition of VIPL on 7 July 2025, following NCLT approval granted on 18 June 2025. The 600 MW plant, located in Butibori, Nagpur, comprises two 300 MW units. The transaction was executed through the Corporate Insolvency Resolution Process, and Adani Power has acquired 100% shareholding on a debt-free basis.

Acquisition Raises Total Capacity to 18,150 MW, Strengthens Market Leadership

 With the integration of VIPL, Adani Power’s total operational capacity has risen to 18,150 MW, cementing its position as India’s largest private thermal power producer. The company continues to scale through strategic acquisitions and the development of high-efficiency thermal projects.

Adani’s Long-Term Plan Targets 30,670 MW Capacity by FY30

Adani Power is progressing with an ambitious expansion roadmap that targets a capacity of 30,670 MW by FY30. This includes a blend of brownfield ultra-supercritical projects and new greenfield ventures aimed at addressing India’s growing base-load electricity demand while improving environmental efficiency.

Projects Under Development:

• Six 1,600 MW brownfield plants at:

  • Singrauli-Mahan (Madhya Pradesh)
  • Raipur, Raigarh, Korba (Chhattisgarh)
  • Kawai (Rajasthan)
• One 1,600 MW greenfield project at Mirzapur (Uttar Pradesh)
• Revival of a 1,320 MW supercritical plant at Korba (acquired earlier)

These developments are aligned with Adani Power’s focus on cost-effective, sustainable thermal generation backed by cutting-edge technology.

Management Emphasises Value Creation Through Strategic Acquisitions

Commenting on the development, SB Khyalia, CEO of Adani Power Ltd., said:

“The acquisition of VIPL marks a pivotal achievement in our effort to unlock value from underperforming assets. As we expand, our focus remains on delivering reliable and affordable power to meet the nation’s growing energy needs in a sustainable manner.”

Regulatory Compliance and Corporate Disclosure Maintained

The acquisition was disclosed as per Regulation 30(6) of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. It follows previous company announcements dated 24 February 2025 and 19 June 2025, ensuring full transparency with shareholders and regulatory bodies.

About Adani Power Ltd.

Adani Power Ltd., a flagship of the Adani Group, is India’s largest private thermal power generator. With a diversified operational footprint across eight states and a 40 MW solar facility in Gujarat, the company continues to drive growth through a mix of technology-led development and acquisition-led expansion. Its equity shares are listed on both NSE and BSE.

REF:https://www.bseindia.com/xml-data/corpfiling/AttachLive/7e95f2f2-f293-43da-8f69-38e9348cafca.pdf

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