Adani Power shares jump 3% as firm bags order from Maharashtra State Electricity Distribution; all you need to know

The Adani Group firm, in a regulatory filing on April 2, said it has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Co. Limited for the supply of 2,500 MW RE RTC power.

Adani Power said the order is for a period of 25 years from the scheduled commencement date of supply, following its emergence as the successful bidder in the e-reverse auction (e-RA) results.

Last month, the company had 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).

Adani Power share price

At 11:30 AM, Adani Power shares were trading at ₹164.13 apiece on the National Stock Exchange, rising 2.6%.

Over a month’s time, the stock has gained 18%, while it has jumped 8% in the last six months. From the beginning of the year, Adani Power has rallied 10%.

Shares of the firm had hit a 52-week high of ₹182.70 on September 23, 2025, and a 52-week low of ₹92.40 on April 7, 2025.

The bank has a total market capitalisation of ₹3.15 lakh crore, according to data on the NSE.

Adani Power Q3 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.