Adani Power Share Price Rises After 1,600 MW MSEDCL Contract Win

Mumbai, March 16: Adani Power shares moved higher on Monday with the stock trading at ₹150.55 as of 10:42 AM IST, up 2.72 per cent from the previous close of ₹146.57 on the NSE, after the company disclosed receiving a major long term power supply contract from Maharashtra State Electricity Distribution Company Limited.

The development follows a regulatory filing by Adani Power Limited confirming the receipt of a Letter of Award for supplying 1,600 MW of thermal power under a long-term Power Supply Agreement.

Why Adani Power Share Price Moved

Adani Power informed stock exchanges on March 15, 2026, that it has received a Letter of Award from Maharashtra State Electricity Distribution Company Limited for the long-term supply of 1,600 MW thermal power.

The award follows a competitive bidding process where Adani Power emerged as the successful bidder offering a quoted tariff of ₹5.30 per kWh. The agreement will be executed through a long-term Power Supply Agreement for a period of 25 years.

According to the company’s regulatory disclosure filed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, the contract will involve supplying electricity from one of Adani Power’s upcoming ultra supercritical thermal power projects.

Adani Power Stock Performance Snapshot

Adani Power share price traded at ₹150.55 as of 10:42 AM IST on March 16, 2026, reflecting a gain of 2.72 per cent compared with the previous closing price of ₹146.57.

During the session so far, the stock opened at ₹149.90 and moved within a range of ₹146.40 to ₹153.25. The company currently has a market capitalisation of about ₹2.90 lakh crore, with a price to earnings ratio of around 24.70.

The stock’s 52-week high stands at ₹182.70 while the 52-week low is ₹92.40.

What This Means for Investors

The new contract strengthens long term revenue visibility for the company. The 25-year power supply arrangement ensures stable demand for the generation capacity tied to the project.

Adani Power said the agreement forms part of its broader strategy to secure long term power purchase agreements for its upcoming capacity additions. Such agreements typically provide predictable cash flows once generation begins.

According to the company’s disclosure, the power supply under this agreement is scheduled to commence from the financial year 2030 to 2031.

Broader Market and Sectoral Context

India’s electricity demand has been rising steadily in recent years, driven by industrial expansion, urbanisation and increasing household electrification.

Power distribution companies have increasingly turned to long term supply contracts to secure dependable base load generation capacity. Thermal power projects, particularly ultra supercritical plants, continue to play a role in meeting the country’s baseload demand despite the ongoing expansion of renewable energy.

Notably, the MSEDCL tender included a pre-determined coal linkage aimed at ensuring fuel security for the project.

About the Company

Adani Power Limited is part of the Adani Group and is one of India’s largest private sector thermal power producers.

The company currently has an installed thermal generation capacity of around 18,110 MW across multiple power plants located in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand and Tamil Nadu. It also operates a 40 MW solar power facility in Gujarat.

Adani Power is currently undertaking a large scale capacity expansion programme and aims to significantly increase its generation capacity over the coming years.

Conclusion

The Letter of Award from MSEDCL marks another addition to Adani Power’s pipeline of long-term supply agreements. While the project’s power supply is expected to begin from the financial year 2030 to 2031, the contract strengthens the company’s long term capacity utilisation outlook and revenue visibility.

Source:

• https://www.nseindia.com/get-quote/equity/ADANIPOWER/Adani-Power-Limited
• https://nsearchives.nseindia.com/corporate/ADANIPOWER_15032026161641_APLLoAfromMSEDCL15032026.pdf