The shares of the prominent thermal power producer gained up to 7 percent after the company received a letter of award (“LOA”) from Uttar Pradesh Power Corporation Limited for the thermal power project.
With a market capitalization of Rs 2.09 lakh crore. The shares of Adani Power Ltd were trading at Rs 544.15 per share, increasing around 5.97 percent as compared to the previous closing price of Rs 513.50 apiece.
The shares of Adani Power Ltd have seen bullish movement after receiving a letter of award (“LOA”) from Uttar Pradesh Power Corporation Limited for procurement of 1,500 MW from a new thermal power project of 2x800MW (1600 MW) installed capacity situated in the State of Uttar Pradesh for a period of 25 years.
Mr. Khyalia said Adani Power would invest ~$2 billion in setting up the plant and related infrastructure. The project is expected to generate direct and indirect employment of ~8,000-9,000 during the construction phase and ~2,000 once in operation.
Additionally, Thermal power demand in Uttar Pradesh is projected to rise by ~11,000 MW by 2033–34 due to industrialization and urbanization. To address this, the company secured a 1,500 MW order, its second major PSA win after a 6,600 MW LOI from MSEDCL in September 2024.
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Operational & Financial Highlights
Looking forward to the company’s financial performance, revenue zoomed by 7 percent from Rs 13,364 crore in Q4FY24 to Rs 14,237 crore in Q4FY25, Further, during the same time frame, net profit decreased by 5 percent from Rs 2,737 crore to Rs 2,599 crore.
The company targets 30,670 MW capacity by 2030, with major brownfield projects underway and 11.2 GW BTG orders placed. FY25 capex stood at Rs 8,000 crore, FY26 planned at Rs 13,307 crore.
Adani Power (Jharkhand) Ltd.(1,600 MW) amalgamated Adani Power Ltd (APL) on April 25, 2025, boosting its standalone credit rating from BBB to AA. With four agencies now rating APL AA/stable, confidence is high.
Management remains highly optimistic about future demand, merchant rates, and securing PPAs, viewing thermal power as vital to India’s energy mix. They emphasize the company’s unique capability to execute large-scale projects with minimal external funding, reinforcing strong confidence and long-term growth visibility in the power sector.
Written by Abhishek Singh
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