Adani Power announced that it has successfully acquired and implemented a resolution plan of Vidarbha Industries Power Ltd. (VIPL). The transaction is for an aggregate consideration of ₹4,000 Crore. Effective July 07, 2025, VIPL has become a wholly owned subsidiary of the company after Adani Power acquired 100% shareholding of the company.
VIPL is a 2×300 MW domestic coal-fired power plant situated in Butibori, Nagpur district, Maharashtra. The company went under a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC).
Further, the Mumbai Bench of the National Company Law Tribunal (NCLT) granted approval to Adani Power’s resolution plan on June 18, 2025. Later on this was successfully…