Adani Power Stock Rises 1.6% After Winning Additional 800 MW Order From MPPMCL

Mumbai, September 11, 2025: Adani Power Ltd (NSE: ADANIPOWER) share price rose 1.66% to ₹645 at 10:28 a.m. IST today after the firm announced that it has been awarded a new Letter of Award (LoA) for power supply of 800 MW under the Greenshoe Option by MP Power Management Company Ltd (MPPMCL). This increases the company’s awarded capacity in Madhya Pradesh to 1,600 MW.

Key Transaction Details

The MP Power Management Company Ltd (MPPMCL) has granted the developer a total capacity of 1,600 MW in the Anuppur district of Madhya Pradesh. These include the previously granted 800 MW and the additional 800 MW under the Greenshoe Option, making the overall size of the project one of the largest in the region.

Power will be provided on a tariff of ₹5.838 per kWh, the same as the existing awarded capacity, for consistency in the whole project. The project is arranged in the DBFOO model, Design, Build, Finance, Own, and Operate, where the execution and long-term operations’ responsibility rests with the developer.

The investment estimated for the 1,600 MW plant is approximately ₹21,000 crore, and it will be a large capital-intensive project. The implementation period has been established as 60 months from the date of appointment. Fuel supply will be arranged through coal linkage obtained under the SHAKTI Policy.

Key Trigger and Market Reaction

Th͏e announceme͏͏nt lift͏ed͏ ͏A͏dani Power L͏i͏mited’s sto͏͏ck, whi͏c͏͏h c͏limbed n͏early 2% intra͏da͏y, reflectin͏͏g the ͏ma͏͏rket’s p͏osit͏i͏͏͏ve r͏esp͏o͏nse to what is se͏͏e͏͏n as a si͏gn͏͏ific͏͏ant capacity expansi͏on ͏mileston͏͏e. The de͏͏velop͏men͏͏t is exp͏ect͏e͏d to ͏s͏upport the company’s l͏o͏͏͏n͏g-ter͏m ͏rev͏e͏nue͏ vis͏ibi͏lity ͏f͏or nearly t͏wo decades. As of 10:28 am IS͏T on͏ ͏1͏1͏͏ Septem͏be͏r ͏2025͏, the sto͏͏͏ck ͏was trading͏ a͏t ₹6͏45͏, u͏p 1.66%.

͏So fa͏r͏ in͏ 202͏5, A͏dan͏i Power͏ ͏shar͏es h͏ave gai͏n͏ed 22.4% ͏y͏e͏ar-t͏o͏-͏date, adv͏anci͏ng 8.6% ͏͏in t͏he last six months a͏nd͏ ͏6.3%͏ ͏o͏ve͏r th͏e p͏͏re͏v͏ious͏ fi͏ve sessi͏on͏s. Th͏e stock͏ ͏ope͏ned at ₹638͏.͏50 and ͏m͏o͏ved bet͏wee͏͏n an͏ intr͏aday ͏h͏ig͏h o͏f͏ ₹653.00 an͏d a lo͏͏w͏͏ of͏ ₹͏600.00. The company͏’s ͏ma͏r͏ket ͏capitalisatio͏n ͏cur͏rently ͏sta͏nds at ₹2.49 lakh cr͏ore. Ove͏r t͏͏he ͏pa͏st ͏͏52͏ ͏͏week͏s, the stock has touched ͏a hi͏gh ͏͏of ₹6͏81.55͏ and a l͏o͏w͏ of ₹432.͏0͏0.

Management Commentary

S.B. Khyalia, CEO, Adani Power, stated the greenshoe award supports the company’s vision of timely and affordable power supply, further commenting: “This project further consolidates our association with Madhya Pradesh and demonstrates our commitment to facilitating India’s energy security and economic growth.”

Strategic Outlook

Adani Power has won 7,200 MW of new orders over the last 12 months in several states, such as Maharashtra, Uttar Pradesh, Bihar, and Madhya Pradesh. The firm is investing 23.72 GW of capex, which is in the process of increasing overall generation capacity to 41.87 GW by FY32. Madhya Pradesh project alone will create 9,000–10,000 employment opportunities during construction and approximately 2,000 opportunities after commissioning.

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

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