Adani Power Ltd. (APL), India’s largest private thermal power producer, has successfully completed the acquisition of Vidarbha Industries Power Ltd. (VIPL), a 600 MW operational power project located in Nagpur, Maharashtra. The acquisition was made for an aggregate consideration of ₹4,000 crore.
The acquisition marks a significant milestone in APL’s strategy to unlock value through the turnaround of stressed assets. With this acquisition, APL’s operating capacity now stands at 18,150 MW, cementing its position as a leading player in India’s power generation sector.
Expansion Plans
APL is further undertaking the expansion of its base load power generation portfolio through a mix of brownfield and greenfield projects. The company is currently constructing six brownfield Ultra-supercritical power plants (USCTPP) of 1,600 MW each at its existing locations, in addition to a 1,600 MW greenfield USCTPP at Mirzapur, Uttar Pradesh. APL is also reviving the construction of a 1,320 MW Supercritical power plant at Korba that it has acquired previously.
Future Outlook
With these expansion plans, APL is on track to achieve a capacity of 30,670 MW by 2029-30, solidifying its position as India’s largest private base load power generation company. The company remains committed to supporting India’s vision of ‘Electricity for All’ by delivering reliable, affordable base-load power that fuels the country’s sustainable growth.
Commitment to Growth
“The acquisition of VIPL is a key milestone in Adani Power’s strategy to unlock value through the turnaround of stressed assets,” said SB Khyalia, Chief Executive Officer, Adani Power Ltd. “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 acquisition of VIPL is a testament to APL’s commitment to growth and its ability to identify and capitalize on strategic opportunities. With its expanded capacity and ongoing expansion plans, APL is well-positioned to meet the increasing demand for power in India and support the country’s economic growth.
