Adani Group's Power Arm Completes Acquisition of Vidarbha Industries Power Ltd, Expands Capacity to 18,150 MW

Adani Power Ltd (APL) has successfully completed the acquisition of Vidarbha Industries Power Ltd (VIPL) for a total consideration of INR 4,000 crore. This acquisition, finalized on July 7, 2025, marks a significant milestone for Adani Power, increasing its operating capacity to 18,150 MW. VIPL, a company that was undergoing a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), operates a 2x300 MW (total 600 MW) domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra. The acquisition followed the approval of Adani Power's resolution plan by the National Company Law Tribunal (NCLT), Mumbai Bench, on June 18, 2025. As a result of this acquisition, VIPL has become a wholly-owned subsidiary of Adani Power Limited.

Adani Power is actively expanding its base load power generation portfolio through a combination of brownfield and greenfield projects. The company is currently constructing six brownfield Ultra-Supercritical power plants (USCTPP), each with a capacity of 1,600 MW, at its existing sites in Singrauli-Mahan (Madhya Pradesh), Raipur, Raigarh, Korba (Chhattisgarh), and Kawai (Rajasthan). Additionally, Adani Power is developing a 1,600 MW greenfield USCTPP at Mirzapur, Uttar Pradesh. The company is also in the process of restarting the construction of a 1,320 MW Supercritical power plant at Korba, which it had previously acquired. These initiatives are projected to increase Adani Power's operational capacity to 30,670 MW by 2030, solidifying its position as India's largest private base load power generation company. 

In the Quarterly Results of March 2025, the company reported a revenue of Rs 14,237.40 crore, reflecting a YoY growth of 6.54 per cent compared to Rs 13,363.69 crore in March 2024. The operating profit stood at Rs 4,812.63 crore, marking a decline of 0.77 per cent from Rs 4,849.74 crore in the same quarter last year. The profit after tax (PAT) declined by 3.66 per cent to Rs 2,636.97 crore from Rs 2,737.24 crore in March 2024.

In FY24, the company posted a revenue of Rs 56,203.09 crore, registering an 11.62 per cent growth compared to Rs 50,351.25 crore in FY23. The net profit for the year stood at Rs 12,938.77 crore, down 37.88 per cent from Rs 20,828.79 crore in the previous financial year.

Adani Power Limited (APL), a part of the Adani portfolio, is the largest private thermal power producer in India. The company is primarily engaged in the business of power generation, encompassing the establishment, operation, and maintenance of thermal and solar power projects. APL sells the power generated through long-term Power Purchase Agreements (PPAs) with state electricity boards and industrial consumers, as well as through short-term contracts and in the merchant market. The company has an extensive installed capacity spread across eleven power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, 1 with a total of 17,510 MW of thermal power and an additional 40 MW solar power plant in Gujarat. Adani Power is committed to transforming India into a power-surplus nation by leveraging technology and innovation to provide quality and affordable electricity for all. On a YTD basis, the stock is up by 12.61 per cent while in the last 12 months it is down by 15.77 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.