Adani Power Expands: Buys VIPL for Rs 4,000 Crore
Adani Power acquires VIPL
Adani Power Gets Stronger
Adani Power Ltd (APL) is India’s top private thermal power producer. They just made a big move. APL bought Vidarbha Industries Power Ltd. (VIPL) for Rs 4,000 crore. This deal makes APL even stronger in the power generation sector.
Approval and Completion
The National Company Law Tribunal (NCLT), Mumbai Bench, approved this plan on June 18. The deal was finished on Monday.
About VIPL
VIPL is a coal-based power plant. It can produce 2×300 MW of power. The plant is in Butibori, Nagpur district, Maharashtra. Before this deal, VIPL was going through a tough time. It was under the Corporate Insolvency Resolution Process (CIRP) as per the Insolvency and Bankruptcy Code (IBC).
Plans to Grow
With VIPL, Adani Power’s total power capacity is now 18,150 MW. The company has big plans to grow even more. APL wants to expand through both existing and new ultra-supercritical power projects across India.
Current Projects
- APL is building six ultra-supercritical thermal power plants. Each can produce 1,600 MW. These are in Singrauli-Mahan (Madhya Pradesh), Raipur, Raigarh, Korba (Chhattisgarh), and Kawai (Rajasthan).
- A new 1,600 MW plant is coming up in Mirzapur, Uttar Pradesh.
- APL is also restarting the construction of a 1,320 MW plant in Korba, which it acquired earlier.
With all these projects, APL aims to increase its power generation to 30,670 MW by 2030.
Supporting India’s Growth
SB Khyalia, CEO of Adani Power, shared his thoughts. He said, “Buying VIPL is a big step for Adani Power. It helps us improve troubled assets. As we grow, we stay committed to India’s vision of ‘Electricity for All’. We want to provide reliable and affordable power. This will help India grow sustainably.”
Where Adani Power Operates
Adani Power runs thermal plants in many states. These include Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu. The company also has a 40 MW solar power plant in Gujarat. This shows its growing interest in different types of energy.
