Adani Power Completes Acquisition of Vidarbha Power, Share Price Falls Over 2.4%
Adani Power has completed the acquisition of Vidarbha Power, becoming a wholly owned subsidiary of the company. Despite this, Adani Power's share price fell over 2.4% on Tuesday.
Adani Power, a thermal power generation company, announced on Tuesday that it has completed the acquisition of 600 MW Vidarbha Power, making it a wholly-owned subsidiary of the company effective July 7. Adani Power's share price fell over 2.4% to ₹594.15 apiece during the intraday session on Tuesday, July 7.
The acquisition of Vidarbha Power was completed according to the exchange filing, with the company having completed the acquisition and resolution plan implementation of Vidarbha Industries Power (VIP) for an aggregate consideration of ₹4,000 crore.
National Company Law Tribunal (NCLT) had approved Adani Power's resolution plan on June 18, 2025. S.B. Khylalia, Chief Executive Officer, Adani Power Ltd, stated, "The acquisition of VIP is a key milestone in Adani Power's strategy to unlock value through the turnaround of stressed assets. As we continue expanding our portfolio, we remain committed to supporting India's vision of 'electricity for all' by delivering reliable, affordable base-load power that fuels the country's sustainable growth."
The company further informed that its operating capacity has risen to 18,150 MW with this acquisition. "APL is further undertaking the expansion of its base load power generation portfolio through a mix of brownfield and greenfield projects," it said.
The article also mentions that Adani Power is constructing six brownfield ultrasupercritical power plants (USCTPP) of 1,600 MW each at its existing locations in Singrauli-Mahan in Madhya Pradesh, Raipur, Raigarh, and Korba in Chhattisgarh, and Kawai in Rajasthan, along with a 1,600 MW greenfield USCTPP at Mirzapur, Uttar Pradesh. Additionally, the company is reviving the construction of a 1,320 MW supercritical power plant at Korba that it had acquired previously.
With this, APL would cement its position as India's largest private base load power generation company with 30,670 MW of operational capacity by 2030.
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