Adani Power Secures Major Power Supply Agreement with MSEDCL

March 16, 2026

Mumbai, March 16: Adani Power is currently trading at Rs. 147.20, reflecting an increase of 0.50 points or 0.34% from its previous closing of Rs. 146.70 on the Bombay Stock Exchange (BSE).

The stock opened at Rs. 150.00 and has reached a high of Rs. 153.35 and a low of Rs. 146.30. So far, 42,454 shares have been traded.

This BSE group ‘A’ stock, with a face value of Rs. 2, achieved a 52-week high of Rs. 182.75 on September 23, 2025, and a 52-week low of Rs. 94.41 on April 7, 2025.

In the last week, the stock’s high and low were Rs. 153.85 and Rs. 135.15, respectively. The company’s current market capitalization stands at Rs. 282,906.47 crore.

Promoter holdings in Adani Power are at 74.96%, while institutional and non-institutional investors hold 15.06% and 9.98%, respectively.

Adani Power (APL) has received a Letter of Award (LoA) from the Maharashtra State Electricity Distribution Company (MSEDCL) for supplying 1,600 MW of power from one of its upcoming ultra-supercritical thermal power projects (USCTPP).

This LoA follows APL’s success in a competitive bidding process, where it emerged as the lowest-tariff bidder, offering power at a combined tariff of Rs 5.30 per kWh. The power supply under the proposed 25-year Power Supply Agreement (PSA) is set to begin in the financial year 2030-31. This win marks another significant achievement for APL amid a renewed surge in investments in the thermal power sector. Adani Power is committed to supporting the nation’s goal of adding 100 GW of thermal power capacity by 2032. In FY25-26, APL secured five long-term PSA bids with a total capacity of 10,400 MW.

With this latest development, Adani Power has now tied up long-term PSAs for 13.3 GW out of its 23.8 GW under-implementation pipeline, a crucial step toward its goal of securing nearly its entire capacity under such contracts. Over 95% of Adani Power’s current operating capacity of 18.15 GW is now secured under medium-to-long-term PSAs, while more than 55% of its upcoming capacity of 23.8 GW is locked in under 25-year PSAs, ensuring strong visibility and revenue stability.