India, July 8 -- Adani Power Ltd. (APL), India's largest private thermal power producer, has successfully completed the acquisition and implementation of the resolution plan for Vidarbha Industries Power Ltd. (VIPL), a 600 MW coal-based power plant in Nagpur, Maharashtra. The transaction, valued at ?4,000 crore, marks a significant addition to Adani Power's growing portfolio and follows approval from the National Company Law Tribunal (NCLT) Mumbai Bench on June 18, 2025. The resolution plan was fully executed by July 7, 2025.
Located in Butibori, Nagpur district, VIPL comprises two units of 300 MW each and was undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). With this acquisition...