Adani Power gains approval to acquire Vidarbha Industries

Adani Power Limited (BSE:ADANIPOWER) announced that the NCLT approved its resolution plan for the acquisition of Vidarbha Industries Power Limited (VIPL) on June 18, 2025. This acquisition, involving an upfront payment of INR4000 Crore, will grant Adani Power 100% shareholding in VIPL, an unlisted public company with a 600 MW domestic coal-based power plant in Nagpur, Maharashtra. The acquisition is expected to be completed within 30 days from the date of the NCLT's approval, i.e. by July 17, 2025. The addition of VIPL will boost Adani Power's total operating power generation capacity to 18,150 MW, reinforcing its position as a leading private sector power producer in India. In the last three fiscal years, VIPL reported turnovers of INR4.89 Crore (2021-22), INR8.74 Crore (2022-23), and INR8.73 Crore (2023-24).