Adani Power Acquires Vidarbha Industries Power Limited for Rs. 4000 Crore

Adani Power Limited has announced the acquisition of Vidarbha Industries Power Limited (VIPL) for a consideration of Rs. 4000 Crore. The acquisition is part of the resolution plan submitted by Adani Power Limited for VIPL, a company undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code. The National Company Law Tribunal, Mumbai, has approved the resolution plan. The acquisition is expected to be completed within 30 days from the date of the NCLT’s approval order, i.e, by July 17, 2025. VIPL is an unlisted public company incorporated in 2005 with a domestic coal-based power plant in Nagpur, Maharashtra. The acquisition will advance Adani Power's position as India's leading private sector power producer.