Nagpur: A major change is set to take place in the corporate structure of Adani Power, led by industrialist Gautam Adani. The Mumbai bench of the National Company Law Tribunal (NCLT) approved the merger of Vidarbha Industries Power Ltd. (VIPL) with Adani Power on September 24, 2026. Earlier, the Ahmedabad bench of the NCLT had approved the merger of nine other wholly owned subsidiaries.
Gold Rate
Sept 24,2026 - Time 10.30Hrs
Following the process, a total of 10 companies will be merged with Adani Power. These include Adani Power Dahej, Kutch Power Generation, Resurgent Fuel Management, Mahan Fuel Management, Odisha Thermal Energy, Korba Power, Anuppur Thermal Energy MP, Mirzapur Thermal Energy UP and Emberiza Infra Park.
The effective date of the merger scheme has been set as April 1, 2025. The scheme will come fully into effect after the remaining procedural formalities are completed, and the stock exchanges will be informed accordingly.
Notably, VIPL’s 600 MW thermal power project in Nagpur will now become part of Adani Power’s larger energy business. The company said the integration is intended to improve operational efficiency, simplify management and reduce legal and compliance costs.
Adani Power’s shares are reported to have delivered returns of 33.88% over the past year, 38.25% over three years and 59.76% over five years.
