Adani Power Limited has informed the Exchange about Update on the Resolution Plan for Vidarbha Industries Power Limited
ADANIPOWER · price
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The National Company Law Tribunal (NCLT), Mumbai has approved Adani Power's resolution plan to acquire Vidarbha Industries Power Limited (VIPL), which was undergoing corporate insolvency resolution. Adani Power will acquire 100% shareholding in VIPL for an upfront cash payment of Rs. 4,000 Crore, with the deal to be completed by July 17, 2025. VIPL operates a 600 MW (2x300 MW) domestic coal-based power plant at Butibori, Nagpur. Post-acquisition, Adani Power's combined operating power generation capacity will rise to 18,150 MW, reinforcing its position as India's largest private sector power producer. The acquisition is not a related-party transaction and aligns with Adani Power's core business of power generation.
This is a capacity-expanding acquisition that strengthens Adani Power's dominance in India's private power sector by adding 600 MW of operational coal-based capacity. The Rs. 4,000 Crore cash outlay is significant but funded, and the deal's completion within ~30 days removes near-term uncertainty. Positively viewed by markets as it boosts scale, though the relatively low turnover of VIPL means revenue accretion will depend on reviving the plant's operations.