Adani Power jumps on winning bid to supply 1500 MW of thermal power to Uttar Pradesh

Adani Power is currently trading at Rs. 543.10, up by 29.60 points or 5.76% from its previous closing of Rs. 513.50 on the BSE.
The scrip opened at Rs. 545.00 and has touched a high and low of Rs. 549.65 and Rs. 541.40 respectively. So far 287184 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 896.75 on 03-Jun-2024 and a 52 week low of Rs. 430.85 on 21-Nov-2024.
Last one week high and low of the scrip stood at Rs. 584.30 and Rs. 505.30 respectively. The current market cap of the company is Rs. 209952.47 crore.
The promoters holding in the company stood at 74.96%, while Institutions and Non-Institutions held 14.02% and 11.03% respectively.
Adani Power has won a tightly contested bid to supply 1500 MW (net) of thermal power to Uttar Pradesh. As part of the contract, the company will supply power at a highly competitive tariff of Rs 5.383 per unit from a greenfield 2x800 MW (1500 MW net) Ultra-supercritical power plant to be set up under the Design, Build, Finance, Own, and Operate (DBFOO) model in the state.
This is further to the Uttar Pradesh cabinet approving the project earlier this month. The company will now sign a long-term Power Supply Agreement (PSA) with Uttar Pradesh Power Corporation (UPPCL) under the Letter of Award (LoA) received on May 10, 2025.
This 1,500 MW order is part of the government’s initiative to meet that future demand. This is second major PSA bid the company has won in the last one year, after receiving the composite 6,600 MW (1600 MW thermal and 5000 MW solar) LoI from Maharashtra State Electricity Distribution Company (MSEDCL) in September 2024, which subsequently has been converted into a PSA.
Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.









