2 hrs ago
NCLT Mumbai Approves Vidarbha Industries Merger With Adani Power
A tribunal in Mumbai approved the merger of Vidarbha Industries Power with Adani Power.
Vidarbha Industries is a company that runs a 600 MW power plant in Maharashtra.
This approval finishes the tribunal process for combining Adani Power with 10 subsidiaries.
The merger is planned to take effect from April 1, 2025.
The companies say combining them could make management simpler.
They also expect it could reduce duplicate costs and help them use resources better.
No new Adani Power shares will be issued for shares already held by Adani Power and its nominees.
Adani Power’s resolution plan for Vidarbha Industries was approved in 2025 and upheld on appeal in January.
The Mumbai bench of the National Company Law Tribunal approved Vidarbha Industries Power Limited’s merger with Adani Power Limited.
The approval completes tribunal clearances for Adani Power’s broader consolidation of 10 subsidiaries.
The merger scheme has an appointed date of April 1, 2025.
The companies expect the combination to simplify management, reduce overlapping expenses and improve resource use.
Vidarbha Industries operates a 600 MW thermal plant in Nagpur, while Adani Power reported 14,550 MW of operational thermal and solar capacity across India.
- Who
- Adani Power Limited, Vidarbha Industries Power Limited and the Mumbai bench of the National Company Law Tribunal.
- What
- The tribunal approved Vidarbha Industries Power’s merger into Adani Power.
- Where
- The approval came from the NCLT’s Mumbai bench; Vidarbha Industries’ plant is in Nagpur, Maharashtra.
- When
- The approval was issued on Thursday; the scheme’s appointed date is April 1, 2025.
- Why
- The merger is intended to simplify management, reduce overlapping expenses, improve resource use and strengthen operational and financial flexibility.
Key facts
- Approving body
- Mumbai bench of the National Company Law Tribunal
- Appointed date
- April 1, 2025
- Merger scope
- Adani Power and 10 subsidiaries
- Vidarbha plant
- 600 MW thermal power plant with two 300 MW units
- Adani Power capacity
- 14,550 MW of operational thermal and solar capacity across India
- Resolution plan
- Adani Power’s ₹4,000 crore plan for Vidarbha Industries was approved in 2025
- Share issuance
- Shares held by Adani Power and its nominees in the merging subsidiaries will be cancelled, with no new shares allotted for those holdings
Sources
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