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Adani Power Limited ( (IN:ADANIPOWER) ) just unveiled an update.
Adani Power Limited has received a Letter of Award from Maharashtra State Electricity Distribution Company Limited to supply 1,600 MW of thermal power under a long-term Power Supply Agreement. The contract spans 25 years and is based on a first-year quoted tariff of Rs 5.30 per kWh, reinforcing Adani Power’s role as a key supplier to one of India’s largest state utilities and providing long-term revenue visibility without involving any related-party transactions.
The award, arising from a competitive tender in which Adani Power emerged as the successful bidder, underlines the company’s strong positioning in securing large, regulated power offtake. For Maharashtra, the deal helps lock in substantial baseload capacity from a domestic producer, supporting grid reliability and planning, while for Adani Power it further deepens its presence in the western India power market and strengthens its contracted capacity portfolio.
More about Adani Power Limited
Adani Power Limited is a major Indian private-sector power producer focused on thermal power generation. The company operates large-scale coal-based power plants and supplies electricity under long-term agreements to state distribution companies across India, with a significant presence in key industrial and urban markets.
Average Trading Volume: 1,580,185
Technical Sentiment Signal: Strong Buy
Current Market Cap: 2829.1B INR
See more data about ADANIPOWER stock on TipRanks’ Stock Analysis page.

