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An announcement from Adani Power Limited ( (IN:ADANIPOWER) ) is now available.
Adani Power Limited has received a Letter of Award (LoA) for a 2,400 MW thermal power project in Bihar from the Bihar State Power Generation Company Limited. This project, set to be established in Pirpainti, Bhagalpur district, will supply electricity to North and South Bihar Power Distribution Companies over 25 years. The initiative is part of a broader strategy to meet India’s rapidly growing power demand, expected to reach 700+ GW by 2047. The project, which involves an investment of approximately $3 billion, is expected to boost industrialization and economic growth in Bihar, providing affordable and uninterrupted power to the region.
More about Adani Power Limited
Adani Power Limited is India’s largest private sector thermal power generator, focusing on delivering large-scale, reliable, and round-the-clock power. The company is known for its capability to provide dependable capacity at scale and is committed to playing a leading role in securing India’s energy future.
Average Trading Volume: 472,899
Technical Sentiment Signal: Strong Buy
Current Market Cap: 2282.5B INR
For detailed information about ADANIPOWER stock, go to TipRanks’ Stock Analysis page.