Adani Power Secures 600 MW Prize: Wins Bid for Reliance's Butibori Plant

Adani Power Limited has emerged victorious in the race to acquire Vidarbha Industries Power Limited's (VIPL) 600 MW thermal power plant in Butibori, Nagpur. The Committee of Creditors for VIPL, currently undergoing insolvency proceedings, approved Adani's resolution plan on February 24, 2025. This strategic acquisition, valued between ₹2,400-3,000 crore, will bolster Adani's presence in Maharashtra's power sector. The deal aligns with Adani's expansion strategy, potentially integrating the Butibori plant with its nearby 3.3 GW Tiroda facility. The acquisition awaits final approval from the National Company Law Tribunal and other regulatory bodies.

 

Sources: NSE Filings, BSE Announcements, Adani Power Press Release