Adani Power share price surges up to 4.5%: Company receives LoA for 1,600 MW long-term power supply; check details

On Sunday, the company announced that it has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) for the supply of 1,600 MW of power from one of its upcoming ultra-supercritical thermal power projects (USCTPP).

"The LoA follows Adani Power’s success in a highly competitive bidding process, where the company emerged as the lowest-tariff bidder, offering power at a combined tariff of Rs 5.30/kWh," the company said in its press release.

The supply of power under the proposed 25-year Power Supply Agreement (PSA) is scheduled to commence from the financial year 2030-31.

The company added that this achievement marks yet another PSA win for APL during a period of renewed surge of investments in the thermal power sector.

Adani Power has established itself as a leading provider of new-generation capacity, supporting the nation’s goal of adding 100 GW of thermal power capacity by 2032.

During FY25-26, APL has won five long-term PSA bids with a combined capacity of 10,400 MW.

Key details to know

The company said that with this development, Adani Power has now tied up long-term PSAs of 13.3 GW out of its 23.8 GW under-implementation pipeline, marking a significant step towards its stated objective of securing almost its entire capacity under such contracts.

"More than 95% of Adani Power’s current operating capacity of 18.15 GW is now tied up under medium-to-long-term PSAs, while over 55% of its upcoming capacity of 23.8 GW is secured under 25-year PSAs, providing strong visibility and stability of volumes and revenue," it added.

The MSEDCL bid incorporates a pre-determined coal linkage, ensuring long-term fuel security and supporting a reliable and cost-effective power supply, the press release added.

About Adani Power

Adani Power (APL), a part of the Adani portfolio, is the largest private thermal power producer in India.

The company has an installed thermal power capacity of 18,110 MW spread across twelve power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, apart from a 40 MW solar power plant in Gujarat.

Adani Power states that, with the assistance of a world-class team of experts in every field of power, it is on track to achieve its growth potential. The company is harnessing technology and innovation to transform India into a power-surplus nation and provide quality and affordable electricity for all.

Adani Power Q3 FY26 earnings

Adani Power said its consolidated net profit dropped over 15% year-on-year (YoY) to ₹2,488 crore in the December quarter of FY26 (Q3 FY26), mainly due to lower one-time income.

"Consolidated profit after tax for Q3 FY26 was at ₹2,488 crore vs ₹2,940 crore for Q3 FY25, mainly due to lower one-time prior period income," a company statement said.

Total revenue for Q3 FY26 stood at ₹12,717 crore vs ₹13,434 crore logged in Q3 FY25, despite lower rates and lower other income, it said.

Consolidated power sale volume of 23.6 billion units (BUs) in Q3 FY26 was against 23.3 BUs in Q3 FY25, despite demand disruptions due to early and prolonged monsoon.

During the reporting quarter, the company received a new long-term power purchase agreement award of 3,200 MW from the Assam power discom.

S B Khyalia, CEO of Adani Power Limited, said, "We are swiftly securing long-term power purchase agreements for our upcoming capacities, with nearly half of our 23.7 GW expansion already tied up in PPAs with state discoms. Our project execution is progressing exceptionally well, meeting or exceeding our targets."