Adani Power Share Price Sees 4% Increase Following Receipt of 1,600 MW Long-Term Power Supply Order from MSEDCL

Adani Power Share Price Jumps 4% on New Order

Adani Power, a leading thermal power company, saw its share price surge over 4% in early trade on Monday following the announcement of a new order from Maharashtra State Electricity Distribution Company Ltd (MSEDCL).

Key Highlights

• Adani Power received a Letter of Award (LoA) from MSEDCL for the supply of 1,600 MW of power from an upcoming ultra-supercritical thermal power project (USCTPP).
• The power supply is scheduled to commence from the financial year 2030-31 with a quoted tariff of ₹5.30/kWh.
• This order marks a significant step towards Adani Power's objective of securing almost its entire capacity under long-term Power Supply Agreements (PSAs).

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Business Performance

• Adani Power has tied up long-term PSAs of 13.3 GW out of its 23.8 GW under-implementation pipeline.
• Over 95% of the company's current operating capacity of 18.15 GW is tied up under medium-to-long-term PSAs.
• The company has secured over 55% of its upcoming capacity of 23.8 GW under 25-year PSAs.

Investment and Growth

• Adani Power is undertaking India's largest private sector thermal power capex program, expanding its capacity from 18.15 GW to 41.87 GW by FY31-32, with investments of approximately ₹2 lakh crore.
• The company has won five long-term PSA bids with a combined capacity of 10,400 MW during FY25-26.

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Share Price Performance

• Adani Power share price has risen 5% in one month and has rallied 18% in six months.
• The share price has gained 46% in one year and has jumped 277% over the past three years.
• The company has delivered multibagger returns of 802% in five years and 2,410% returns in ten years.