Adani Power acquires Reliance’s Butibori thermal project

Adani Power Limited (APL) has completed the acquisition of Vidarbha Industries Power Limited (VIPL) for an estimated Rs 40 billion. The deal, finalised on July 7, 2025, gives APL ownership of the Butibori Thermal Power Project in Nagpur district, Maharashtra.

VIPL was a wholly owned subsidiary of Reliance Power Limited (RPL). It had developed the Butibori project with an investment of Rs 36.33 billion. The project consists of two thermal units of 300 MW each, contributing a total capacity of 600 MW.

The acquisition was made through the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), after VIPL was admitted for resolution.