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Power stock: Adani Power shares jump after receiving LoA for greenfield thermal power plant in Bihar

Adani Power has received a LoA for a 2,400 MW greenfield thermal plant in Bihar, ensuring 25-year electricity supply to state power distribution companies.
Adani Power Ltd

Introduction

Leading private sector thermal power generator receives a Letter of Award for a 2,400 MW greenfield ultra super critical plant in Bihar, securing long-term electricity supply agreements with state power distribution companies.

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Share price movement of Adani Power

On August 29, 2025, Adani Power Ltd opened at ₹598.00, down 0.49% from its previous close of ₹595.25. The stock reached a high of ₹600.75 and a low of ₹583.35. By 11:40 AM, it traded at ₹592.35, with a market cap of ₹2,28,465.78 crore.

Adani Power Gets LoA for 2,400 MW Plant

Adani Power Ltd. has received a Letter of Award (LoA) for a 2,400 MW greenfield ultra super critical thermal power plant in Pirpainti, Bhagalpur, Bihar. The LoA covers 25 years of electricity procurement.

The award was given by Bihar State Power Generation Company Ltd. (BSPGCL) on behalf of North and South Bihar Power Distribution Companies. A Power Supply Agreement (PSA) will be signed between the entities to formalize the arrangement.

India’s power demand is expected to rise from 250 GW to 400 GW by 2031-32, and over 700 GW by 2047. Thermal power will provide base-load support and grid stability for growing demand.

Stock performance of Adani Power for Period of 1 week, 6 months, and 1 year

Adani Power Ltd delivered a 0.11% return over the past week, gained 24.2% in the past six months, and declined by 7.66% over the past year.

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Shareholding pattern of Adani Power

ParticularsJun 2025Mar 2025Dec 2024
Promoter75.00%75.00%75.00%
FII12.50%12.40%12.30%
DII2%1.60%2%
Public10.80%11.00%11.10%

About Adani Power

Adani Power Limited (NSE: ADANIPOWER) is India’s largest private thermal power producer, with 18,110 MW capacity across twelve plants and a 40 MW solar plant, aiming to provide reliable, affordable electricity nationwide.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Adani Power Ltd share price going up today?

A: Adani Power Ltd shares rose after receiving a LoA for a 2,400 MW greenfield thermal power plant in Bihar.

Q: How much stake do promoters hold in Adani Power Ltd stock?

A: Promoters hold 75.00% stake in Adani Power Ltd, giving them significant control over company decisions.

Q: What is the 52-week high and low of Adani Power Ltd stock?

A: Adani Power Ltd stock has a 52-week high of ₹684.90 and a low of ₹430.85.

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