Shares of Adani Power rose nearly 2.9% to hit a high of ₹653 per share on the National Stock Exchange (NSE). The stock opened at ₹638.50, up from its previous close of ₹634.45.
The surge in stock price came after the company informed the exchange that it has received an additional Letter of Award (LoA) from MP Power Management Company Limited (MPPMCL) for supply of 800 MW power from its upcoming ultra-supercritical thermal project at Anuppur in Madhya Pradesh. The plant will be developed on a Design, Build, Finance, Own and Operate (DBFOO) basis, with fuel to be supplied through coal linkage allocated under the Shakti Policy.
At the time of writing this article, Adani Power shares are trading 1.92% higher at ₹646.75 per share on the National Stock Exchange (NSE). The current market capitalisation of the company is ₹2,50,508.18 crore.
The group company had earlier secured an LoA for 800 MW from MPPMCL on August 29, 2025, taking the total allocated capacity for the Anuppur project to 1,600 MW.
Both units are to be commissioned within 60 months from the appointed date. The company estimates that the plant and associated infrastructure will require an investment of about ₹21,000 crore. The newly allocated 800 MW will be supplied at the same rate of ₹5.838 per kWh as the earlier allocation.
Khyalia said, “We are delighted that Adani Power has not only secured the initial project of 800 MW in Madhya Pradesh, but also secured an additional project of 800 MW under the greenshoe option. This reinforces our commitment to provide reliable, affordable and sustainable power to the state and its people. This project further strengthens our long-term partnership with Madhya Pradesh and reflects our commitment to support India’s energy security and economic growth.”
Adani Power is undertaking India’s largest private sector capital expenditure programme to meet the country’s growing base load demand. Currently, it operates 12 thermal power plants with an operational capacity of 18.15 GW, and aims to reach a total generation capacity of 41.87 GW by 2031-32.
In September 2024, the company received a letter of intent from Maharashtra with Adani Green Energy for a combined order of 6,600 MW, comprising 5,000 MW solar and 1,600 MW thermal power supply. Later, in May 2025, it was awarded an LoA for 1,600 MW from a greenfield plant by the Uttar Pradesh government. In August 2025, the Bihar government awarded an LoA for 2,400 MW from a new plant, while just last month, the Madhya Pradesh government allotted 800 MW, which was later doubled to 1,600 MW after MPPMCL exercised the greenshoe option.
The stock has gained 6.83% in the last 5 days. On the other hand, Adani Power shares have gained 9.08% in the last month and 26.99% in the last 6 months.
Adani Power Q1 Results:
Adani Power reported a 15.5% decline in its consolidated net profit to ₹3,305 crore for the quarter ended June 30 of FY2025-26. This was due to lower trading fees following acquisitions and increased operating expenses. In the same quarter of the previous fiscal, the company had posted a net profit of ₹3,913 crore.
The operating revenue of this Adani Group company also declined 5.6% year-on-year to ₹14,109 crore in the first quarter of FY26 as against ₹14,956 crore in the same quarter of the previous year. The company said that the decline was mainly due to lower recovery of merchant tariff and imported coal prices.
