Adani Power Bags Another 800 MW Order from Madhya Pradesh, Stock Rises Over 3%

September 12, 2025: Adani Power Limited (NSE: ADANIPOWER, BSE: 533096) jumped over 3% in the morning trade on September 12, 2025. This was after announcing that it had received another Letter of Award (LoA) from MP Power Management Company Limited (MPPMCL). The ‘greenshoe option’ award takes the company’s already awarded 800 MW project to 1,600 MW from a greenfield ultra-supercritical thermal power plant at Anuppur, Madhya Pradesh.

Stock Performance

As of 12:20 pm IST, shares of Adani Power were at ₹645.00, up by ₹20.35 (+3.24%) from the close of yesterday at ₹624.65. The stock opened at ₹628.00 and reached an intraday high of ₹644.85. Its 52-week high is ₹681.55 on September 16, 2024, and the 52-week low is ₹432.00 on November 21, 2024. The company’s market capitalization stands at ₹2,48,483 crore.

Order Highlights

The new deal follows the earlier tariff rate of ₹5.838 per kWh and keeps to the DBFOO model (Design, Build, Finance, Own, Operate). The project will be executed at Anuppur, Madhya Pradesh, with a total investment of around ₹21,000 crore for the entire 1,600 MW capacity. The completion is within 60 months from the date of appointment. This trek is noteworthy because it is the first time a greenshoe facility has been invoked in an Indian thermal power auction, which shows the growing demand for electricity by the state as a result of severe industrialization and urbanization.

Management Commentary

S.B. Khyalia, Adani Power’s CEO, stated the award marks not only the reinforcement of Adani Power’s presence in Madhya Pradesh but also of its commitment to deliver assured, economical, and clean power. He added that the project will be an economic driver with the generation of 9,000 to 10,000 jobs during the construction phase and approximately 2,000 jobs during the operational phase. The project will procure coal under the SHAKTI policy of the Government of India.

Strategic Growth Outlook

This mandate is contributing to Adani Power’s growing project pipeline, and along with it, its fresh power purchase orders in the last 12 months have aggregated 7,200 MW spread across various states of Maharashtra, Uttar Pradesh, Bihar, and Madhya Pradesh. The company is already making capital spending of ₹23.72 GW as part of its long-term vision of delivering a combined generation capacity of 41.87 GW by FY32.

About Adani Power Limited

Adani Power Limited, a flagship company of Adani Group, is India’s largest independent thermal power generating company with an installed base of 18,110 MW across 12 plants in various states. In addition to thermal projects, the company also has a 40 MW solar power project in Gujarat and is undertaking India’s largest private-sector power capacity augmentation program.

REF: https://nsearchives.nseindia.com/corporate/ADANIPOWER_11092025075201_APLAdditionalLoAfromMP11092025.pdf

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