US EditionAdani Power Completes Acquisition of Vidarbha Industries Power After NCLT Nod
NAGPUR DIVISION, MAHARASHTRA, JUL 8 – Adani Power's acquisition of Vidarbha Industries adds 600 MW capacity and is part of its plan to reach 30,670 MW by 2030, becoming India's largest private base load power firm.
- On July 7, 2025, Adani Power Ltd. finalized the purchase and executed the insolvency resolution plan for Vidarbha Industries Power Ltd., located in Maharashtra.
- This acquisition followed the National Company Law Tribunal Mumbai Bench's approval of the resolution plan on June 18, 2025, confirming VIPL's insolvency process under the IBC.
- VIPL operates two 300 MW coal-fired units at Butibori, Nagpur district, and its assets now integrate into Adani Power’s expanding portfolio alongside ongoing and planned thermal projects.
- Adani Power’s operational capacity rose to 18,150 MW after the acquisition, and CEO SB Khyalia stated they remain committed to supporting India’s vision of 'Electricity for All' with reliable, affordable base-load power.
- This acquisition marks a key milestone in Adani Power’s strategy to unlock value from stressed assets and aims to reach 30,670 MW by 2030, strengthening its leadership in India’s private power sector.
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IndianOil-Adani Gas Plans $161 Million Exchangeable-Bond Sale
(Bloomberg) — IndianOil-Adani Gas Pvt. is planning to raise as much as 13.78 billion rupees ($161 million) from the sale of exchangeable bonds, according to people familiar with the matter, in what could be one of the largest such deals in India this year.
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Total News Sources14
Leaning Left3Leaning Right4Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 38%
13%
R 50%
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