Adani Power Ltd
ADANIPOWER | 533096
₹209
+0.88 (0.42%)
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Adani Power Limited (APL), a part of Adani Group is India's largest private thermal power producer operating a power generation capacity of 18,150 MW including 18,110 MW, of thermal power plants and a 40 MW solar power project. The Company has installed capacity of 14,550 MW (which includes 40 MW solar power project) at multiple locations i.e. Bitta, Mundra, Kawai, Tiroda, Udupi, Raipur, Raigarh, Godda and Dahanu and another 13,600 MW under construction / development phase as of year end. The Company is engaged in power generation and setting up of power projects. APJL (wholly-owned subsidiary of the Company) is creating a 1,600 MW greenfield ultra supercritical power project in Jharkhand to supply power to Bangladesh. Adani Power was the first company to implement and commission 660 MW supercritical technology units in India. Adani Power Limited was incorporated on August 22, 1996 and received a certificate of commencement of business on September 4, 1996. The Company was originally incorporated by Mr. Gautam S. Adani and Mr. Rajesh S. Adani, together with their relatives. The company became a private limited company on June 3, 2002 and the name of the company was subsequently changed to Adani Power Private Limited. On April 12, 2007, the company was, thereafter, converted into a public limited company and the name of the company was changed to Adani Power Limited. In the year 2004, pursuant to internal restructuring amongst the Promoters, the entire shareholding of the company was transferred to Mundra Port and Special Economic Zone Ltd (MPSEZL). Subsequently, on May 29, 2006, MPSEZL transferred its entire shareholding in the company to Adani Enterprises Ltd. In December 19, 2006, the Government of India (GOI) granted approval to the company's proposal for development, operation and maintenance of the sector specific Special Economic Zone (SEZ) at Village: Tunda & Siracha, Taluka Mundra, Gujarat. In February 2, 2007, the company entered into an agreement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL) for supply of power on long term basis. During the financial year 2009-10, the company entered the Capital Market with initial public offer (IPO) of 30,16,52,031 equity shares of Rs 10 each at a premium of Rs 90 per share. In August 20, 2009, the company's shares were listed on the Bombay Stock Exchange Ltd (BSE) and National Stock Exchange of India Ltd (NSE). The company's power generating units (Unit 1 and Unit 2 each of 330 MW) of their phase I commenced commercial operations effective from October 1, 2009 and March 17, 2010 respectively. During the year, the company incorporated Adani Pench Power Ltd (earlier known as Adani Power MP Ltd) as a wholly owned subsidiary company. The company acquired Kutchh Power Generation Ltd and Adani Shipping PTE Ltd, Singapore by purchase of all shares of respective companies at face value. Subsequently Adani Shipping PTE Ltd, Singapore incorporated Rahi Shipping PTE Ltd, Singapore and Vanshi Shipping PTE Ltd, Singapore as their wholly owned subsidiary companies. During the year 2010-11, the company's Power Generating Units of 1320 MW (Previous Year - 660 MW) commenced commercial operations resulting into total power generating capacity to 1980 MW. During the year 2011-12, the company set up two subsidiaries, namely Aanya Maritime Inc, Panama and Aashna Maritime Inc, Panama. The company alongwith their subsidiaries is implementing various transmission line projects of about 3,000 km length. The company intends to sell the power generated from these projects under a combination of long-term PPAs and on merchant basis. In February 2012, the company approved to consolidate the transmission line business of the company in a new entity in order to integrate transmission line projects spread across various entities of Adani Group under one umbrella. On 10 September 2012, Adani Power announced that the phase III of its 4,620 MW power plant in Mundra, Gujarat, consisting of two units of 660 MW each, has received carbon credits under the Clean Development Mechanism (CDM) of the United Nations Framework Convention on Climate Change (UNFCCC). This achievement makes the Mundra plant the world's first coal fired power project to receive carbon credits. With this measure, the plant is expected to generate about 1.8 million Certified Emission Reductions (CERs) each year. Adani Power is expected to earn Rs 600 crore by trading these carbon credits during the first 10 years of its operations. On 19 June 2013, Adani Power announced the commissioning of the third unit of 660 MW of its super critical power plant in Tiroda, Maharashtra, thus augmenting its total power generation capacity to 7,260 MW. The third unit was commissioned within a record time of 20 days from synchronization, as against an industry standard of three months. The Board of Directors of Adani Power at its meeting held on 28 December 2013 approved demerger of the transmission line business of the company to its wholly owned subsidiary company (WOS) subject to requisite approvals.On 31 December 2013, Adani Power announced that its state-of-the-art 4620 megawatts (MW) power plant at Mundra, has set a record by attaining the highest generation of 4,644 MW, making it the only power station of such a gigantic size to reach a significant milestone in electricity production. On 14 January 2014, Adani Power announced the commissioning of its 1320 MW coal-fired power plant in Kawai, Rajasthan, thus completing its project as per the schedule. The project comprises 2 units of 660 MW super critical technology each and the power will be supplied to the state energy utilities as per the PPA signed with the Rajasthan government. On 3 April 2014, Adani Power announced the commissioning of the fourth unit of 660 megawatts (MW) at its power plant at Tiroda in Maharashtra, thus emerging as the largest private power producer in India with an overall installed capacity of 8,620 MW. It is a significant milestone in the path to achieve Adani Power's target of generating 20,000 MW by 2020. On 24 November 2014, Adani Power announced that it has executed a binding term sheet for the acquisition of 100% shares of Korba West Power Co. Ltd. (KWPCL) from Avantha Power & Infrastructure. KWPCL owns a completed 600 MW coal based power plant at Korba and an expansion phase in progress. Adani Power will endeavor to expand the capacity of KWPCL expeditiously, leveraging its project execution capabilities. On 4 March 2015, Adani Power announced that it has signed a definitive Share Purchase Agreement for acquisition of 100% shares of Korba West Power Co. Ltd. (KWPCL) from Avantha Power & Infrastructure. The enterprise value of this deal would be around Rs 4225 crore, which would be paid by combination of acquisition debt and cash. The Board of Directors of Adani Power at its meeting held on 16 January 2015 approved the proposal to divest the company's holding of 90.91% equity shares in Adani Transmission (India) Ltd. to Adani Transmission Ltd, a Wholly Owned Subsidiary of Adani Enterprises Ltd. subject to requisite approvals, if any. The board of directors of Adani Power (APL) at its meeting held on 30 January 2015 unanimously approved the scheme of demerger of the diversified businesses of its parent company, Adani Enterprises Ltd (AEL). The scheme involves the demerger of the Power Undertaking of AEL comprising the undertaking, businesses, activities, operations, assets (moveable and immoveable) and liabilities pertaining to the 40 MW solar power project at Bitta village, Kutch district of Gujarat and the investments of AEL in APL into APL. The shareholding of AEL in APL shall be cancelled on the scheme being made effective and APL shall issue new equity shares to the equity shareholders of AEL in the ratio of 18,596 equity shares in APL for every 10,000 equity shares held by such equity shareholder of AEL in AEL as of the record date. On 20 April 2015, Adani Power announced the completion of the acquisition of 100% of the shares of Udupi Power Corporation Limited (UPCL) from Hyderabad based Lanco Infratech Limited. Udupi Power Corporation Limited (UPCL) is a 1200 MW power plant based on imported coal and includes a captive jetty for coal imports. The transaction was announced earlier last year in August 2014. The Udipi Power Corporation (UPCL) has long term power sale agreements with the Discoms of the states of Karnataka and Punjab. With acquisition of the UPCL, the capacity of APL increases to 10,440 MW. On 21 December 2015, Adani Power announced that it has incorporated a wholly owned subsidiary Company Adani Power (Jharkhand) Limited, which is registered with the Registrar of Companies, Gujarat at Ahmedabad. The Board of Directors of Adani Power at its meeting held on 6 April 2016 approved Preferential offer and issue of up to 52.30 crore warrants, convertible into equivalent number of equity shares of Rs 10 each to the promoter group entities subject to the approval of the shareholders of the company through postal ballot by way of passing special resolution under Section 42 and 62 of the Companies Act, 2013 and other necessary regulatory approvals. On 1 March 2017, Adani Power announced that a 330 megawatt (MW) unit 4 at its 4,620 MW Mundra thermal power plant has created a national record by running continuously for 600 days and generated 4142.56 MUs (million units) of electricity. On 6 June 2017, Adani Power announced that its Board of Directors has considered and approved the slump sale of its Mundra power generating business undertaking to its subsidiary company, namely Adani Power (Mundra) Limited. The transaction will put the Mundra power generating business undertaking at par with other operating subsidiaries of the company, with specific strategic focus as well as specific financial arrangements. The Mundra power generating business undertaking contributed 93.74% to the total income of Adani Power in FY 2016-17. On 7 November 2017, Adani Power announced that the company's wholly owned subsidiary Adani Power (Jharkhand) Limited has signed a long term Power Purchase Agreement (PPA). The PPA has been signed for net capacity of 1496 MW with Bangladesh Power Development Board for 25 years. Power supply under the PPA will be made from a new 1600 MW Ultra-supercritical coal based power plant to be set up by Adani Power (Jharkhand) Limited at Godda, Jharkhand. The Board of Directors of Adani Power at its meeting held on 17 January 2018 approved the setting up of a 1600 MW (2 x 800 MW) UItra-supercritical Thermal Power Project at Godda, Jharkhand, by the company's subsidiary Adani Power (Jharkhand) Limited, at the estimated project cost of Rs 13450 crore approximately. The project is expected to achieve Commercial Operation Date by May 2022, and supply power to the Bangladesh Power Development Board under a PPA for net capacity of 1,496 MW for 25 years. All major statutory clearances have been obtained for the project. In year 2019-20, the Company acquired two operational power projects comprising Raipur Energen Ltd. (REL) of 1,370 MW and Raigarh Energy Generation Ltd. (REGL) of 600 MW, to their portfolio. With this, it operates 12,450 MW of capacity. It commissioned Supercritical boilers at their Mundra (Gujarat) plant, saving ~2% of fuel per unit of power generated and leading to lower GHG emissions. It commissioned 12 units of 660 MW each based on the Supercritical technology. The Company further acquired 52.38% of the equity stake in GMR Chhattisgarh Energy Ltd. (GCEL) and the balance 47.62% equity stake was acquired from the GMR Group, which completed on August 2, 2019 at an Enterprise Valuation of approx. Rs. 3,530 Crore. And subsequent to the acquisition, GCEL was renamed as Raipur Energen Ltd. Chandenvalle Infra Park Limited, Mahan Fuel Management Limited, Alcedo Infra Park Limited, Emberiza Infra Park Limited and Mahan Energen Limited (Formerly known as Essar Power M P Limited) were formed as subsidiaries of the Company during the year 2021-22. The Company acquired Essar Power M P Limited (EPMPL), which was completed effective on 16th March 2022 and name of the Company changed to 'Mahan Energen Limited' (MEL), with effect from 25th March, 2022. It commenced construction of the plant with a targeted completion of Unit 1 in January 2022 and Unit 2 in May 2022, according to the Purchase Power Agreement (PPA). During the year 2022-23, the Six Wholly Owned Subsidiary Companies of Adani Power Limited (APL) i.e., Adani Power Maharashtra Limited (APML), Adani Power Rajasthan Limited (APRL), Udupi Power Corporation Limited (UPCL), Raipur Energen Limited (REL), Raigarh Energy Generation Limited (REGL) and Adani Power (Mundra) Limited (APMuL) were amalgamated with Adani Power Limited (APL/ Parent Company) through the Scheme of Amalgamation made effective from October 1, 2021. Aviceda Infra Park Limited, Innovant Buildwell Private Limited, Resurgent Fuel Management Limited were formed as New Subsidiaries during the year 2022-23. The Company acquired 4 Thermal Power Plants with an aggregated capacity of 4,370 MW, including a 1,370 MW plant at Raipur in Chhattisgarh, a 600 MW plant at Raigarh in Chhattisgarh, a 1,200 MW plant at Udupi in Karnataka, and a 1,200 MW plant (under subsidiary Mahan Energen Limited) at Bandhaura, Singrauli in Madhya Pradesh. The Godda Ultrasupercritical Power Plant commissioned its first 800 MW Unit in April 2023. The Hybrid Solar-Wind Project of 2.14 GW was commissioned in Rajasthan. The operating capacity of the Company increased to 15,250 MW, with the commissioning of the 1,600 MW Godda Ultra SuperCritical Thermal Power Plant (USCTPP) in 2024, marking a historic milestone in pioneering a transnational project. APL completed construction of a 105-km-long 400 kV Double Circuit Transmission Line, a private railway line and an extensive water pipeline from the Ganges. The Company expanded its total operating capacity by 2,300 MW via strategic acquisitions, including two financially stressed assets under the Corporate Insolvency Resolution Process (CIRP) - Coastal Energen (amalgamated into Moxie Power Generation Limited) with 1,200 MW operational capacity and Lanco Amarkantak (renamed as Korba Power Limited) with 600 MW operational capacity and 1,320 MW of unfinished expansion project during the year 2025. It acquired the 500 MW Adani Dahanu Thermal Power Station through a business transfer agreement from an associate company. The wholly owned subsidiary of the Company, Adani Power (Jharkhand) Limited, has been amalgamated into and with the Company in April, 2025. The Company also started several brownfield expansion projects including the 1,,600 MW USTPP project at the Mahan Energen site and two 1600 MW USTCPP projects in Raipur and Raigarh where construction has commenced recently. The Company has also launched a renewable-powered data center campus in Navi Mumbai in FY25. In FY 2026, Company commissioned first battery energy storage project at Khavda, in Kutch. Further, it commissioned India's first off-grid 5 MW Green Hydrogen pilot plant, commissioned Mumbai's first advanced VSC-based HVDC project. Coming to connectivity and logistics, Adani Ports handled over 500 million tons of cargo for the year FY 2025-26, thereby setting a stunning benchmark for the nation. At Adani Cement, Company has contributed to iconic national projects ranging from the Chenab Railway Bridge to Navi Mumbai International Airport. State's first 765 kV transmission line commissioned, with evacuation at 765 kV and 400 kV. Adani Power (Jharkhand) Limited was incorporated w.e.f. April 4, 2025. Company acquired Vidarbha Industries Power Limited (VIPL), a company undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, following the approval of its Resolution Plan by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench in FY26. VIPL owns and operates a 2x300 MW (600 MW) thermal power plant located in MIDC Industrial Area, Butibori, Nagpur, Maharashtra.
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Power Generation & Distribution - Power Generation And Supply
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Bombay Stock Exchange (BSE)
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Adani Power Q1 PAT rises 42% YoY to Rs 4,806 crore on strong revenue growth
22 Jul 2026
Adani Power (APL) reported a 41.97% increase in consolidated net profit to Rs 4,805.69 crore in Q1 FY27, compared with Rs 3,384.86 crore in Q1 FY26.
Revenue from operations increased 33.97% YoY to Rs 18,901.89 crore in the quarter ended 30 June 2026, compared with Rs 14,109.15 crore in the corresponding quarter of the previous year. Profit before tax (PBT) surged 52.65% YoY to Rs 6,418.18 crore in Q1 FY27, compared with Rs 4,204.31 crore in Q1 FY26. Consolidated continuing EBITDA rose 21.6% YoY to Rs 6,983 crore, marking the company's highest-ever quarterly performance. The growth was supported by strong operational performance despite higher fuel costs. Consolidated power sale volume increased 16.9% to 28.8 billion units (BU) in Q1 FY27 from 24.6 BU in Q1 FY26, driven by higher operating capacity and robust power demand. The company's consolidated plant load factor (PLF) improved to 77.9% in Q1 FY27 from 67% in the corresponding quarter last year. India witnessed strong power demand during the quarter due to a hotter-than-usual summer, with peak power demand touching a record 270.8 GW in May 2026. Energy consumption increased 8.4% year-on-year to 485.4 BU during Q1 FY27. The Day-Ahead Market Clearing Price on the Indian Energy Exchange rose 15.7% year-on-year to Rs 5.1 per unit, while the Real-Time Market Clearing Price increased 13.8% to Rs 4.5 per unit. During the quarter, Adani Power acquired the 180 MW Churk thermal power plant, a 24% equity stake in Jaiprakash Power Ventures (2,220 MW), and an 11.49% equity stake in Prayagraj Power Generation Company (1,980 MW) under the approved resolution plan for Jaiprakash Associates. The company also signed a 25-year Power Supply Agreement (PSA) with Maharashtra State Electricity Distribution Company (MSEDCL) for supplying 1,600 MW power from a proposed 2x800 MW ultra-supercritical thermal power plant under the DBFOO model. S B Khyalia, CEO of Adani Power Limited, said, 'Adani Power has once again demonstrated strength of its efficient and cost-competitive portfolio and operational excellence in various spheres by posting its highest ever quarterly EBITDA on continuing basis. APL has consolidated firmly on the path to expand its portfolio to 45GW, with rapid progress on ongoing projects and strong liquidity from current operations. As we expand our reach further with the acquisition of Jaiprakash Associates' stake in power assets, we are also diversifying into domestic and international hydro power projects and preparing ourselves to enter new opportunities in the nuclear power field. We are strongly committed to helping India meet its long term development goals with the supply of reliable and competitive electricity.' Meanwhile, the board approved a proposal to raise up to Rs 15,000 crore through the issuance of equity shares and/or other eligible securities via a qualified institutions placement (QIP) or other permissible modes, subject to shareholders' and regulatory approvals. The board also approved a proposal to increase the company's borrowing limit to Rs 1,00,000 crore from Rs 75,000 crore, subject to shareholders' approval and other statutory and regulatory clearances. The enhanced limit will enable the company to raise funds through loans, borrowings, debt securities and other permissible instruments in one or more tranches. Adani Power, a part of the diversified Adani Group, is the largest private thermal power producer in India. The counter slipped 1.52% to Rs 216.95 on the BSE. Powered by Capital Market - Live News
Adani Power signs 25-year power supply pact with MSEDCL for 1,600 MW
16 Jul 2026
Adani Power has signed a power supply agreement (PSA) with Maharashtra State Electricity Distribution Company (MSEDCL) for the long-term supply of 1,600 MW of electricity.
The power will be supplied from a 2x800 MW ultra-supercritical thermal power project to be established under the design, build, finance, own and operate (DBFOO) model, the company said in an exchange filing. The PSA has been signed for a period of 25 years. Adani Power added that the coal linkage for the project has been allocated under the SHAKTI Policy of the Government of India. Adani Power, a part of the diversified Adani Group, is the largest private thermal power producer in India. Adani Power (APL) reported a 64.33% surge in consolidated net profit to Rs 4,271.40 crore in Q4 FY26 as compared to Rs 2,599.23 crore recorded in Q4 FY25. Revenue from operations remained largely flat at Rs 14,223.09 crore in the quarter ended 31 March 2026, compared with Rs 14,237.40 crore in the corresponding quarter last year. Shares of Adani Power rose 0.43% to Rs 219.95 on the BSE. Powered by Capital Market - Live News
Adani Power Ltd eases for fifth straight session
30 Jun 2026
Adani Power Ltd is quoting at Rs 222, down 2.22% on the day as on 13:19 IST on the NSE. The stock jumped 87.69% in last one year as compared to a 6.32% slide in NIFTY and a 8.74% spurt in the Nifty Energy index.
Adani Power Ltd dropped for a fifth straight session today. The stock is quoting at Rs 222, down 2.22% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.08% on the day, quoting at 23927.75. The Sensex is at 76618.81, down 0.14%.Adani Power Ltd has eased around 4.43% in last one month.Meanwhile, Nifty Energy index of which Adani Power Ltd is a constituent, has eased around 1.45% in last one month and is currently quoting at 39718, down 0.13% on the day. The volume in the stock stood at 131.39 lakh shares today, compared to the daily average of 316.5 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 222.04, down 2.06% on the day. Adani Power Ltd jumped 87.69% in last one year as compared to a 6.32% slide in NIFTY and a 8.74% spurt in the Nifty Energy index. The PE of the stock is 39.94 based on TTM earnings ending March 26. Powered by Capital Market - Live News
Adani Power Ltd spurts 2.08%
27 May 2026
Adani Power Ltd is quoting at Rs 249.62, up 2.08% on the day as on 12:49 IST on the NSE. The stock is up 126.64% in last one year as compared to a 3.32% drop in NIFTY and a 14.75% drop in the Nifty Energy index.
Adani Power Ltd is up for a third straight session in a row. The stock is quoting at Rs 249.62, up 2.08% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.07% on the day, quoting at 23930.5. The Sensex is at 75999.31, down 0.01%. Adani Power Ltd has risen around 11.76% in last one month. Meanwhile, Nifty Energy index of which Adani Power Ltd is a constituent, has risen around 0.47% in last one month and is currently quoting at 40814.6, up 0.9% on the day. The volume in the stock stood at 613.85 lakh shares today, compared to the daily average of 460.14 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 251.02, up 1.84% on the day. Adani Power Ltd is up 126.64% in last one year as compared to a 3.32% drop in NIFTY and a 14.75% drop in the Nifty Energy index. The PE of the stock is 42.9 based on TTM earnings ending March 26. Powered by Capital Market - Live News
Adani Power Ltd Slides 1.41%
6 May 2026
Adani Power Ltd has added 38.92% over last one month compared to 20.42% gain in BSE Power index and 4.59% rise in the SENSEX
Adani Power Ltd lost 1.41% today to trade at Rs 226.65. The BSE Power index is down 0.29% to quote at 8235.41. The index is up 20.42 % over last one month. Among the other constituents of the index, Hitachi Energy India Ltd decreased 1.28% and ABB India Ltd lost 1.05% on the day. The BSE Power index went up 26.68 % over last one year compared to the 3.89% fall in benchmark SENSEX. Adani Power Ltd has added 38.92% over last one month compared to 20.42% gain in BSE Power index and 4.59% rise in the SENSEX. On the BSE, 3.87 lakh shares were traded in the counter so far compared with average daily volumes of 39.4 lakh shares in the past one month. The stock hit a record high of Rs 234.35 on 05 May 2026. The stock hit a 52-week low of Rs 101.06 on 09 May 2025. Powered by Capital Market - Live News
Adani Power Ltd rises for third straight session
5 May 2026
Adani Power Ltd is quoting at Rs 230.12, up 1.24% on the day as on 12:49 IST on the NSE. The stock is up 114.64% in last one year as compared to a 1.65% slide in NIFTY and a 21.17% slide in the Nifty Energy index.
Adani Power Ltd is up for a third straight session today. The stock is quoting at Rs 230.12, up 1.24% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.59% on the day, quoting at 23978.1. The Sensex is at 76851.91, down 0.54%. Adani Power Ltd has gained around 40.95% in last one month. Meanwhile, Nifty Energy index of which Adani Power Ltd is a constituent, has gained around 15.63% in last one month and is currently quoting at 40970.05, down 0.12% on the day. The volume in the stock stood at 316.98 lakh shares today, compared to the daily average of 683.79 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 231.41, up 1.49% on the day. Adani Power Ltd is up 114.64% in last one year as compared to a 1.65% slide in NIFTY and a 21.17% slide in the Nifty Energy index. The PE of the stock is 39.91 based on TTM earnings ending March 26. Powered by Capital Market - Live News
Adani Power Q4 PAT jumps 64% to Rs 4,271 cr
30 Apr 2026
Adani Power (APL) reported a 64.33% surge in consolidated net profit to Rs 4,271.40 crore in Q4 FY26 as compared to Rs 2,599.23 crore recorded in Q4 FY25.
Revenue from operations remained largely flat at Rs 14,223.09 crore in the quarter ended 31 March 2026, compared with Rs 14,237.40 crore in the corresponding quarter last year. Profit before tax (PBT) rose 34.43% YoY to Rs 4,383.98 crore in Q4 FY26, compared with Rs 3,261.28 crore in Q4 FY25. The company's reported EBITDA increased 27.15% year-on-year (YoY) to Rs 6,498.47 crore in Q4 FY26 from Rs 5,110.83 crore in Q4 FY25. On a continuing basis, EBITDA rose 9.32% YoY to Rs 5,572.64 crore, driven by higher PPA tariff contribution and improved operating efficiency, partly offset by lower merchant realization. During the quarter, the company reported a plant load factor (PLF) of 74.0% compared with 74.2% in Q4 FY25. Power sales volume increased to 27.2 billion units (BU) from 26.4 BU, supported by higher operating capacity. Installed capacity stood at 18,150 MW as of March 2026. All-India power demand rose 1.6% YoY to 422 billion units in Q4, with growth picking up towards the end of the quarter amid rising temperatures. However, unseasonal rains and a higher share of renewable energy curtailed demand earlier in the quarter. This, along with lower merchant market prices, weighed on realizations. The average market clearing price on the IEX day-ahead market declined 12.4% during the quarter. Merchant and short-term sales volumes fell to 5.2 billion units from 5.6 billion units a year ago, reflecting subdued demand in the spot market. During the quarter, the company secured a 1,600 MW long-term power purchase agreement (PPA) from Maharashtra under the DBFOO model. Additionally, a subsidiary signed a 558 MW PPA with a Tamil Nadu discom. With these additions, around 95% of Adani Power's operating capacity is now tied up under long- and medium-term PPAs, enhancing earnings visibility. S B Khyalia, CEO, Adani Power, said, 'As the world goes through another energy price shock, the security and sovereignty of India's energy supply assume critical importance. Our abundant natural resources, including coal, will power our growth and development for a long time. As India progresses quickly to achieve its renewable energy targets, thermal power is rising to the challenge of stabilizing the grid and meeting peak demand. At the same time, Adani Power is consistently crossing significant milestones in its ongoing 23.7 GW capacity expansion and tying up long-term PPAs while generating strong profitability and healthy cash flows in a dynamic demand environment. We are well set to achieve our capacity expansion targets and register multifold earnings growth over the coming years while following a prudent capital allocation policy to seize the next phase of opportunities.' Adani Power, a part of the diversified Adani Group, is the largest private thermal power producer in India. Shares of Adani Power rose 0.34% to Rs 219.85 on the BSE. Powered by Capital Market - Live News
Adani Power Q4 PAT jumps 64% to Rs 4,271 cr
29 Apr 2026
Adani Power (APL) reported a 64.33% surge in consolidated net profit to Rs 4,271.40 crore in Q4 FY26 as compared to Rs 2,599.23 crore recorded in Q4 FY25.
Revenue from operations remained largely flat at Rs 14,223.09 crore in the quarter ended 31 March 2026, compared with Rs 14,237.40 crore in the corresponding quarter last year. Profit before tax (PBT) rose 34.43% YoY to Rs 4,383.98 crore in Q4 FY26, compared with Rs 3,261.28 crore in Q4 FY25. The company's reported EBITDA increased 27.15% year-on-year (YoY) to Rs 6,498.47 crore in Q4 FY26 from Rs 5,110.83 crore in Q4 FY25. On a continuing basis, EBITDA rose 9.32% YoY to Rs 5,572.64 crore, driven by higher PPA tariff contribution and improved operating efficiency, partly offset by lower merchant realization. During the quarter, the company reported a plant load factor (PLF) of 74.0% compared with 74.2% in Q4 FY25. Power sales volume increased to 27.2 billion units (BU) from 26.4 BU, supported by higher operating capacity. Installed capacity stood at 18,150 MW as of March 2026. All-India power demand rose 1.6% YoY to 422 billion units in Q4, with growth picking up towards the end of the quarter amid rising temperatures. However, unseasonal rains and a higher share of renewable energy curtailed demand earlier in the quarter. This, along with lower merchant market prices, weighed on realizations. The average market clearing price on the IEX day-ahead market declined 12.4% during the quarter. Merchant and short-term sales volumes fell to 5.2 billion units from 5.6 billion units a year ago, reflecting subdued demand in the spot market. During the quarter, the company secured a 1,600 MW long-term power purchase agreement (PPA) from Maharashtra under the DBFOO model. Additionally, a subsidiary signed a 558 MW PPA with a Tamil Nadu discom. With these additions, around 95% of Adani Power's operating capacity is now tied up under long- and medium-term PPAs, enhancing earnings visibility. S B Khyalia, CEO, Adani Power, said, 'As the world goes through another energy price shock, the security and sovereignty of India's energy supply assume critical importance. Our abundant natural resources, including coal, will power our growth and development for a long time. As India progresses quickly to achieve its renewable energy targets, thermal power is rising to the challenge of stabilizing the grid and meeting peak demand. At the same time, Adani Power is consistently crossing significant milestones in its ongoing 23.7 GW capacity expansion and tying up long-term PPAs while generating strong profitability and healthy cash flows in a dynamic demand environment. We are well set to achieve our capacity expansion targets and register multifold earnings growth over the coming years, while following a prudent capital allocation policy to seize the next phase of opportunities.' Adani Power, a part of the diversified Adani Group, is the largest private thermal power producer in India. Shares of Adani Power fell 1.99% to close at Rs 219.10 on the BSE. Powered by Capital Market - Live News
Adani Power hits record high after incorporating nuclear energy arm
20 Apr 2026
Adani Power rose 3.15% to Rs 204.65 after the company announced the incorporation of a step-down wholly owned subsidiary.
The stock hit a record high of Rs 207.30 today. It has risen 36.63% in one month and 88.32% in one year. The company said its wholly owned subsidiary, Adani Atomic Energy, has incorporated Coastal-Maha Atomic Energy on 13 April 2026. The certificate of incorporation was received on 18 April 2026. The new entity will operate in the nuclear energy segment. It will focus on generation, transmission, and distribution of power derived from nuclear and atomic energy. Coastal-Maha Atomic Energy is a wholly owned subsidiary of Adani Atomic Energy. The latter is fully owned by Adani Power. The company said the subsidiary has been incorporated with an authorised capital of Rs 5 lakh, divided into 50,000 equity shares of Rs 10 each. The incorporation has been done through cash subscription. The move marks the company's entry into the nuclear power segment. 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 and a 40 MW solar power plant. On a consolidated basis, the company's net profit declined 18.89% to Rs 2479.58 crore on 8.92% fall in revenue to Rs 12,451.44 crore in Q3 FY26 over Q3 FY25.
Adani Power Ltd spurts 3.18%, up for five straight sessions
8 Apr 2026
Adani Power Ltd is quoting at Rs 168.55, up 3.18% on the day as on 12:39 IST on the NSE. The stock is up 65.75% in last one year as compared to a 6.81% gain in NIFTY and a 15.26% gain in the Nifty Energy.
Adani Power Ltd rose for a fifth straight session today. The stock is quoting at Rs 168.55, up 3.18% on the day as on 12:39 IST on the NSE. The benchmark NIFTY is up around 3.46% on the day, quoting at 23923.45. The Sensex is at 77391.97, up 3.72%. Adani Power Ltd has added around 21.16% in last one month. Meanwhile, Nifty Energy index of which Adani Power Ltd is a constituent, has added around 2.01% in last one month and is currently quoting at 35578.25, up 2.24% on the day. The volume in the stock stood at 525.48 lakh shares today, compared to the daily average of 419.76 lakh shares in last one month. The benchmark April futures contract for the stock is quoting at Rs 168.9, up 2.88% on the day. Adani Power Ltd is up 65.75% in last one year as compared to a 6.81% gain in NIFTY and a 15.26% gain in the Nifty Energy index. The PE of the stock is 30.71 based on TTM earnings ending December 25.
Adani Power Ltd up for third straight session
6 Apr 2026
Adani Power Ltd is quoting at Rs 164.26, up 2.68% on the day as on 12:49 IST on the NSE. The stock is up 61.06% in last one year as compared to a 2.69% spurt in NIFTY and a 12.15% spurt in the Nifty Energy index.
Adani Power Ltd rose for a third straight session today. The stock is quoting at Rs 164.26, up 2.68% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.19% on the day, quoting at 22757. The Sensex is at 73408.47, up 0.12%. Adani Power Ltd has added around 18.08% in last one month. Meanwhile, Nifty Energy index of which Adani Power Ltd is a constituent, has added around 1.2% in last one month and is currently quoting at 35299.4, down 0.19% on the day. The volume in the stock stood at 1093.46 lakh shares today, compared to the daily average of 373.77 lakh shares in last one month. The benchmark April futures contract for the stock is quoting at Rs 164.9, up 2.52% on the day. Adani Power Ltd is up 61.06% in last one year as compared to a 2.69% spurt in NIFTY and a 12.15% spurt in the Nifty Energy index. The PE of the stock is 30.06 based on TTM earnings ending December 25.
Adani Power gains after securing LoA for supplying 1,600 MW thermal power from MSEDCL
16 Mar 2026
Adani Power rose 1.16% to Rs 148.40 after the company said that it has received a Letter of Award from Maharashtra State Electricity Distribution Company for the long-term supply of 1,600 MW of thermal power under a power supply agreement (PSA).
The contract will run for 25 years, with the first-year tariff quoted at Rs 5.30 per kWh. Power supply is expected to commence from FY2030'31 and will be sourced from one of the company's upcoming ultra-supercritical thermal power projects. The award follows a competitive bidding process in which Adani Power emerged as the lowest-tariff bidder. 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. S.B. Khyalia, CEO of Adani Power, said: With India's power demand continuing to rise steadily, long-term and reliable capacity addition is critical to ensure energy security. This LoA from MSEDCL reflects the competitiveness of Adani Power's cost structure, our ability to deliver dependable baseload power and our commitment to supporting India's growing electricity needs through long-term partnerships. As India's leading private power producer, we are keen to support Maharashtra's and the nation's ambitious development goals with reliable and affordable electricity supply. 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 and a 40 MW solar power plant. The company's consolidated net profit declined 18.89% to Rs 2479.58 crore on 8.92% fall in revenue to Rs 12,451.44 crore in Q3 FY26 as compared with Q3 FY25. Powered by Capital Market - Live News
Adani Power Ltd Surges 3.31%
16 Mar 2026
Adani Power Ltd has added 8.33% over last one month compared to 3.17% gain in BSE Utilities index and 9.94% drop in the SENSEX
Adani Power Ltd gained 3.31% today to trade at Rs 151.55. The BSE Utilities index is up 0.4% to quote at 5413.96. The index is up 3.17 % over last one month. Among the other constituents of the index, Va Tech Wabag Ltd increased 2.57% and Adani Energy Solutions Ltd added 1.72% on the day. The BSE Utilities index went up 10.98 % over last one year compared to the 0.79% surge in benchmark SENSEX. Adani Power Ltd has added 8.33% over last one month compared to 3.17% gain in BSE Utilities index and 9.94% drop in the SENSEX. On the BSE, 2.82 lakh shares were traded in the counter so far compared with average daily volumes of 12.56 lakh shares in the past one month. The stock hit a record high of Rs 182.75 on 23 Sep 2025. The stock hit a 52-week low of Rs 94.41 on 07 Apr 2025. Powered by Capital Market - Live News
Corporate News
Adani Power to hold EGM
23 Jul 2026
On 14 August 2026
Adani Power announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 14 August 2026.
Adani Power board approves fund raising up to Rs 15,000 crore
22 Jul 2026
Also approves increase in borrowing limits to Rs 1 lakh crore
The board of Adani Power at its meeting held on 22 July 2026 has approved fund raising up to Rs 15,000 crore by way of QIP issue. The board also approved increase in borrowing limits from Rs 75,000 crore to Rs 1,00,000 crore.
Adani Power signs power supply agreement with MSEDCL
15 Jul 2026
For supply of 1600 MW thermal power
Adani Power has signed a 25-year Power Supply Agreement with Maharashtra State Electricity Distribution Company (MSEDCL) for supply of 1600 MW power on long term basis from a 2x800 MW Ultra-Supercritical Thermal power plant to be established under Design, Build, Finance, Own & Operate (DBFOO) basis. The coal linkage for the power plant has been allocated under the SHAKTI Policy of Government of India.
Adani Power receives ESG score of 80
30 Jun 2026
CareEdge ESG Ratings has assigned Adani Power an ESG score of 80 (CareEdge - ESG 1+) reflecting sustained commitment to best in-class practices, transparent disclosures across environmental, social and governance dimensions within a structurally high-impact thermal power sector.
Adani Power to discuss results
27 Jun 2026
On 22 July 2026
Adani Power will hold a meeting of the Board of Directors of the Company on 22 July 2026.
Adani Power to acquire certain power assets and investments of Jaiprakash Associates
21 May 2026
Adani Power announced that pursuant to the approved resolution plan for Jaiprakash Associates (JAL) submitted by Adani Enterprises, the company has entered into the following definitive agreements with JAL: (a) Share Purchase Agreement for acquisition of 24% shares of Jaiprakash Power Ventures (a listed entity), held by JAL; and (b) Business Transfer Agreement for acquisition of the 180 MW thermal power plant of JAL located in Churk and other related assets, including 11.49% shares of Prayagraj Power Generation Company, held by JAL.
Adani Power schedules AGM
30 Apr 2026
On 25 June 2026
Adani Power announced that the 30th Annual General Meeting(AGM) of the company will be held on 25 June 2026.
Adani Atomic Energy incorporates WoS - Rawatbhata-Raj Atomic Energy
21 Apr 2026
Adani Atomic Energy (AAEL), a wholly owned subsidiary of Adani Power, has incorporated a wholly-owned subsidiary, namely, Rawatbhata-Raj Atomic Energy (RRAEL) on 20 April 2026.
Adani Power to announce Quarterly Result
8 Apr 2026
On 29 April 2026
Adani Power will hold a meeting of the Board of Directors of the Company on 29 April 2026.
Adani Power receives ratings action from ICRA
28 Feb 2026
Adani Power announced that ICRA Ratings has assigned / affirmed the credit rating ICRA AA; Stable / ICRA A1+ for the company's bank facilities and proposed non convertible debentures aggregating to Rs 69,000 crore. Powered by Capital Market - Live News
Adani Power arm receives LoA for supply of 558 MW power from TNPDCL
24 Feb 2026
Adani Power said its subsidiary Moxie Power Generation (MPGL) has received a Letter of Award (LoA) from Tamil Nadu Power Distribution Corporation (TNPDCL) for supply of 558 MW (net) of power for a period of five years. Moxie Power operates a 1,200 MW (2X 600 MW) power plant in Tuticorin, Tamil Nadu. It emerged as the lowest bidder in a tightly contested bid by offering a tariff of Rs 5.910 per unit, with supply starting 1 April 2026. Now, both units of the plant have power supply agreements, and more than 95% of Adani Power's total operating capacity is secured with medium to long-term contracts. This provides significant long-term revenue visibility and also derisks the company from short-term market volatility. The company aims to achieve almost 100% PPA tie-up for all its operational and under commissioning plants over the coming years. This power supply agreement is expected to benefit Tamil Nadu consumers by providing an additional 558 MW of reliable and high-quality power, enhance grid stability, and support uninterrupted electricity supply to households, businesses, and industries. By securing power at a competitive tariff, consumers are expected to benefit from more affordable and dependable energy in the years ahead. Powered by Capital Market - Live News
Adani Power incorporates WoS named Adani Atomic Energy
12 Feb 2026
Adani Power has incorporated a wholly owned subsidiary, named Adani Atomic Energy with an objective to generate, transmit and distribute electric power derived from nuclear or atomic energy. Powered by Capital Market - Live News
Results - Announcements
Adani Power consolidated net profit rises 41.98% in the June 2026 quarter
22 Jul 2026
Sales rise 33.97% to Rs 18901.89 crore
Net profit of Adani Power rose 41.98% to Rs 4805.69 crore in the quarter ended June 2026 as against Rs 3384.86 crore during the previous quarter ended June 2025. Sales rose 33.97% to Rs 18901.89 crore in the quarter ended June 2026 as against Rs 14109.15 crore during the previous quarter ended June 2025. Particulars Quarter Ended Jun. 2026 Jun. 2025 % Var. Sales 18901.89 14109.15 34 OPM % 42.05 40.29 - PBDT 7585.41 5292.90 43 PBT 6418.18 4204.31 53 NP 4805.69 3384.86 42 Powered by Capital Market - Live News
Adani Power consolidated net profit rises 52.34% in the March 2026 quarter
29 Apr 2026
Sales decline 0.10% to Rs 14223.09 crore
Net profit of Adani Power rose 52.34% to Rs 4017.08 crore in the quarter ended March 2026 as against Rs 2636.97 crore during the previous quarter ended March 2025. Sales declined 0.10% to Rs 14223.09 crore in the quarter ended March 2026 as against Rs 14237.40 crore during the previous quarter ended March 2025. For the full year,net profit declined 0.81% to Rs 12834.30 crore in the year ended March 2026 as against Rs 12938.77 crore during the previous year ended March 2025. Sales declined 3.49% to Rs 54240.52 crore in the year ended March 2026 as against Rs 56203.09 crore during the previous year ended March 2025. Particulars Quarter Ended Year Ended Mar. 2026 Mar. 2025 % Var. Mar. 2026 Mar. 2025 % Var. Sales 14223.09 14237.40 0 54240.52 56203.09 -3 OPM % 33.27 33.80 - 36.52 37.91 - PBDT 5531.21 4345.93 27 20064.04 20668.39 -3 PBT 4383.98 3261.28 34 15499.51 16359.51 -5 NP 4017.08 2636.97 52 12834.30 12938.77 -1 Powered by Capital Market - Live News
Market Commentary - Stock Alert
Stock Alert: Bandhan Bank, Motherson Sumi, Fedbank Financial Services, AWL Agri Business
29 Apr 2026
Earnings to Watch: Adani Power, Bajaj Finance, Motilal Oswal Financial Services, Mphasis, Vedanta, Cemindia Projects, Federal Bank, Fino Payments Bank, Force Motors, Geojit Financial Services, Granules India, HEG, IIFL Finance, Indegene, Indian Bank, Indian Overseas Bank, Jana Small Finance Bank, KFin Technologies, MAS Financial Services, MOIL, Navin Fluorine International, RPG Life Sciences, Schaeffler India, Sterlite Technologies, Syngene International, Waaree Energies will declare their Q4 results later today. Stocks to Watch: AWL Agri Business reported a 53.5% year-on-year rise in consolidated net profit to Rs 292 crore in Q4 FY26, compared with Rs 190 crore in Q4 FY25. Revenue from operations increased 18% YoY to Rs 21,465 crore during the quarter, supported by 14% volume growth, driven by strong demand in the edible oil segment and expansion across channels. The company also crossed the Rs 74,000-crore mark in annual revenue in FY26. Fedbank Financial Services has reported 40.3% jump in net profit to Rs 100.5 crore on 17.5% increase in net total income to Rs 378 crore in Q4 March 2026 over Q4 March 2025. Net interest income (NII), the difference between interest earned and interest expended, rose 22.6% YoY to Rs 342.7 crore in Q4 FY26 from Rs 279.6 crore in the year-ago period. Bandhan Bank's standalone net profit jumped 68% to Rs 530 crore on 3.2% increase in net total income to Rs 3,570 crore in Q4 March 2026 over Q4 March 2025. Net interest income (NII), the difference between interest earned and interest expended, rose 1.4% YoY to Rs 2,800 crore in Q4 FY26 from Rs 2,760 crore in the year-ago period. Net interest margin (NIM) stood at 6.2% in Q4 FY26, down 46 bps on a yearly basis and down 30 bps sequentially. Motherson Sumi Wiring India reported a 1.44% increase in net profit to Rs 167.30 crore on a 32.88% rise in revenue from operations to Rs 3,334.62 crore in Q4 FY26 over Q4 FY25. EBITDA stood at Rs 274 crore in Q4 FY26, registering a growth of 1.1% as compared with Rs 271 crore in Q4 FY25. The company has recommended a final dividend of Rs 0.58 per equity share of face value Rs 1 each for FY26, subject to shareholder approval at the company's upcoming annual general meeting. CEAT 's consolidated net profit surged over two-fold to Rs 243.85 crore in Q4 FY26 compared with Rs 99.49 crore in Q4 FY25. Net sales jumped 23.3% YoY to Rs 4,218.89 crore in Q4 FY26. Blue Cloud Softech Solutions has signed MoU with Global Council for Investment and Business for Africa (GCIB) for Africa to develop a Digital Factory in Senegal and other technology-driven socio-economic projects in Senegal and other African countries. OneSource Specialty Pharma's Sterile Product Division (SPD) facility has received an EU GMP Certificate of compliance of a manufacturer from the competent German authority, the State Office for occupational safety, social affairs and health of Schleswig-Holstein, Germany. Ujjjivan Small Finance Bank (SFB)'s board is scheduled to meet on 8 May 2026 to consider raising funds through QIP or other modes.
Insider Activity
Acquisitions
Hibiscus Trade and Investment Ltd.
Promoter Group
Acquired 3100000 shares worth ₹2,15,60,02,709
Reported on 8 Aug 2024
Mode: Market Purchase
Hibiscus Trade and Investment Ltd.
Promoter Group
Acquired 4100000 shares worth ₹2,85,80,19,305
Reported on 7 Aug 2024
Mode: Market Purchase
Hibiscus Trade and Investment Ltd.
Promoter Group
Acquired 5100000 shares worth ₹3,57,52,78,486
Reported on 7 Aug 2024
Mode: Market Purchase
Ardour Investment Holding Ltd.
Promoter Group
Acquired 9100000 shares worth ₹3,41,15,50,409
Reported on 28 Sept 2023
Mode: Market Purchase
Ardour Investment Holding Ltd.
Promoter Group
Acquired 9000000 shares worth ₹3,40,83,69,099
Reported on 28 Sept 2023
Mode: Market Purchase
Fortitude Trade and Investment Ltd.
Promoter Group
Acquired 3600000 shares worth ₹1,22,88,43,096
Reported on 6 Sept 2023
Mode: Market Purchase
MUKESH SHAH
Director
Acquired 500 shares worth ₹73,826
Reported on 27 Feb 2023
Mode: Market Purchase
MUKESH SHAH
Director
Acquired 1000 shares worth ₹1,62,964
Reported on 25 Feb 2023
Mode: Market Purchase
Adani Tradeline Private Limited
Promoter Group
Acquired 377180885 shares worth ₹0
Reported on 7 Jul 2022
Mode: Others
Pledge Activity
Gautam S. Adani & Rajesh S. Adani On behalf of S.B. Adani Family Trust
Promoter Group
Revoked 148797834 shares worth ₹86,38,46,00,000
Reported on 8 May 2024
Mode: Revocation Of Pledge
Gautam S. Adani & Rajesh S. Adani On behalf of S.B. Adani Family Trust
Promoter Group
Revoked 258141741 shares worth ₹85,25,13,00,000
Reported on 5 Sept 2023
Mode: Pledge Released
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