Adani Power Share Price

Adani Power Limited based in Ahmedabad is one of the largest private thermal power generation company of India. The company designs, constructs, owns, and operates large-scale coal-based power plants in a number of Indian states, providing electricity to state utilities and bulk consumers under long-term power purchase agreements. The ADANI POWER share price on the NSE and BSE indicates how investors react to the company’s day-to-day operations, fuel procurement, plant availability, and any news that affects the power and energy industry. 

The firm designs, builds, owns and operates large coal-based power plants in a variety of Indian states, selling electricity to state utilities and bulk end users through long-term power purchase agreements. The ADANI POWER share price onthe NSE and BSE indicates how investors react to the day-to-day operations of the company, availability of fuel, plant availability and any other news related to the power and energy sector. 

The ADANI PO͏WER stock price is influenced by factors such as demand for e͏lectricity, plant utilization levels, availability of coal, cost of fuel, power tariffs regulatory environments and changes in environmental laws.  

ADANI POWER share price live give you information of last traded price, bid and ask price along with traded volume. These numbers reflect trading activity and liquidity and demonstrate how the market responds to corporate disclosures, regulatory filings, fuel supply updates and broader energy market developments. Watching the ADANI POWER live price also enables you to observe͏ ͏ short-term price market movements and how the stock performs in different market conditions. 

Furthermore, you can monitor the ADANIPOWER share price today to check how it is performing compared to other listed power generation companies and relevant market indices. Adani Power Ltd. Company Fundamentals 

Adani Power Limited Company Background 

Adani Power Ltd. is a prominent player in India’s power generation sector. A part of the Adani Group, the company specialises in thermal energy, operating large-scale coal-based power plants. Adani Power Limited, as India’s largest private sector power generator, has been recognised for its strong commitment to environmental, social, and governance (ESG) principles, earning a score of 65 in a recent appraisal and placing in the “Aspiring” category. Ranking higher than other major thermal and integrated energy companies, the company focuses on sustainable growth and responsible business practices. Adani Power implements advanced emission management technologies, including Ultra Super Critical boilers, and zero liquid discharge systems for water conservation, reflecting its dedication to operational excellence and minimal environmental impact. 

Adani Power Limited Company Product Lines 

Coalbased Thermal Power Generation 

• Electricity produced at large coalfired power plants using supercritical and ultrasupercritical technologies.  

Electricity Sales under LongTerm Power Purchase Agreements (PPAs) 

• Bulk supply of power to state utilities and large buyers under longterm contracted agreements.  

Merchant Power Sales (Short term Market) 

• Sale of electricity in spot/merchant markets when not contracted under PPAs.  

Solar Power Generation 

• Renewable electricity from solar power plants (e.g., 40 MW Bitta Solar Plant).  

Power Trading Activities 

• Trading of electricity to balance supply, optimize capacity use, and maximize revenue.  

Fuel Procurement & Management (Support Activity) 

• Organized procurement and logistics for coal supply to thermal plants (through contracts and logistics agreements).  

Project Development & Acquisition 

• Developing new power plants and acquiring existing capacity to expand generation portfolio.  

Operations & Maintenance Services 

• Ensuring efficient and reliable plant operations, including technical services and performance monitoring.  

Transmission & Distribution Support (via Group Synergies) 

• Assisting delivery infrastructure and network operations as integrated energy solutions. 

Adani Power Limited Company Revenue Model 

Sale of Electricity (Core Revenue) 

• Revenue from power sold to state utilities and industrial buyers under contracts.  
• It is reported as the “Continuing Revenue from Operations” in financial results.  

Power Sale Volumes Under LongTerm Power Purchase Agreements (PPAs) 

• These agreements typically span decades and ensure a fixed pricing framework or tariff mechanism.  

Merchant Power Sales 

• Revenue depends on market tariff rates, which can vary by demand and supply conditions.  

Other Operating Income 

• Interest or investment income 
• Miscellaneous income related to operations (e.g., regulatory claims settled) 

Renewable / Solar Power Sales 

• Although primarily a thermal generator, Adani Power also generates revenue from solar power generation at its smaller renewable installation(s).  

 Ancillary Revenue Sources (Supporting Streams) 

While not major revenue drivers, the company earns from: 

• Fuel cost passthrough mechanisms (whereby coal cost changes are partially passed to buyers under certain PPA structures) 
• Performance incentives or penalties under power contracts 
• Miscellaneous operational credits recognized during reporting periods 

Adani Power Limited Geographic Presence 

Gujarat 

• Mundra Thermal Power Station – coal-based power plant (~4,620 MW) 
• Bitta Solar Power Plant – solar PV plant (40 MW) 

Maharashtra 

• Tiroda Thermal Power Station – coal-based power plant (~3,300 MW) 
• Dahanu Thermal Power Station – coal-based power plant (~500 MW) 

Rajasthan 

• Kawai Thermal Power Station – coal-based power plant (~1,320 MW) 

Karnataka 

• Udupi Power Plant – coal-based power plant (~1,200 MW) 

Chhattisgarh 

• Raikheda Thermal Power Station – coal-based power plant (~1,370 MW) 
• Raipur Thermal Power Station – coal-based power plant (~1,370 MW) 
• Korba Thermal Power Station – coal-based power plant (~600 MW) 

Madhya Pradesh 

• Singrauli Thermal Power Station – coal-based power plant (~1,200 MW) 

Jharkhand 

• Godda Thermal Power Station – coal-based power plant (~1,600 MW) 

Adani Power Limited Key Milestones 

• 2006 – Incorporation: Adani Power Ltd was incorporated as part of the Adani Group, marking its entry into India’s energy sector with thermal power generation. 
• 2009 – Commercial Operations: Started commercial operations with its first 330 MW unit at the Mundra power plant in Gujarat. 
• 2010 – Scaling Up Mundra Plant: Expanded the Mundra plant to a total capacity of 4,620 MW, making it one of the largest single-location coal-based power plants globally. 
• 2011 – Stock Market Listing: Launched its Initial Public Offering (IPO) and listed on NSE and BSE, raising Rs. 3,016 crore. 
• 2012 – Commissioning Tiroda Plant: Commenced operations at the Tiroda power plant in Maharashtra, adding 3,300 MW to its capacity. 
• 2013 – Kawai Plant Operationalized: The 1,320 MW Kawai power plant in Rajasthan became operational, expanding the company’s footprint in northern India. 
• 2014 – Securing Fuel Supplies: Signed agreements to secure coal supplies, ensuring reliable fuel for power generation. 
• 2015 – Acquisition of Udupi Plant: Acquired Udupi Power Corporation Limited, adding 1,200 MW capacity in Karnataka and strengthening presence in southern India. 
• 2017 – Reaching a Milestone: Became India’s largest private thermal power generator, surpassing an overall installed capacity of 10,000 MW. 
• 2019 – Debt Restructuring: Implemented financial restructuring and debt reduction to improve operational efficiency. 
• 2020 – Renewable Energy Commitments: Announced significant investments in renewable energy projects to align with global sustainability targets. 
• 2022 – Infrastructure Enhancement: Acquired Essar Power’s 400kV transmission line, enhancing transmission capability and infrastructure. 
• 2023 – Significant Acquisition: Acquired Lanco Amarkantak Power Plant in Chhattisgarh, further boosting operational power generation capacity. 

Adani Power Leadership 

Some of the key leaders of Adani Power as of January 2026 are 

• Gautam Adani – Chairman 
• Rajesh Adani – Director 
• Anil Sardana – Managing Director 
• Shersingh Khyalia – Whole-time Director & CEO 
• Sangeeta Singh – Independent and Non-Executive Director 
• Manmohan Srivastava – Independent and Non-Executive Director 
• Shailesh Haribhakti – Independent and Non-Executive Director 
• Narendra Nath Misra – Independent and Non-Executive Director 

Industry Perspective 

India is the third-largest producer and consumer of electricity globally, with an installed power capacity of 476 GW as of June 2025. Rising population, increasing electrification, and higher per-capita usage continue to push electricity demand upward. By FY25, electricity consumption reached 1,694 BU, reflecting a 33% increase over FY21 and translating into a five-year CAGR of 7.4%. All-India peak power demand in FY26 is expected to touch 277 GW. Ratings agency ICRA expects India’s energy demand to grow at 6–6.5% annually over the next five years. 

The power sector presents large investment opportunities. The sector offers an investment opportunity of Rs. 40,00,000 crore (US$ 461.95 billion) over the next decade, driven by demand growth, infrastructure upgrades, and clean energy transition. Renewable energy and transmission remain key areas, with Power Grid alone outlining a capex opportunity of Rs. 2,00,000 crore (US$ 23.10 billion). The wind energy sector also advances toward its 100 GW target by 2030, as highlighted by IWTMA. Policy support remains strong. The government has announced a Rs. 9.15 lakh crore (US$ 109.50 billion) plan to strengthen power infrastructure and meet a projected demand of 458 GW by 2032. Transmission investments of Rs. 9,15,920 crore (US$ 107 billion) support clean capacity expansion.  

Overall sector investments may reach Rs. 17 lakh crore (US$ 205.31 billion) over the next five to seven years. Energy storage could attract Rs. 4,79,000 crore (US$ 56.07 billion) by 2032, while thermal power may see Rs. 2,30,000 crore (US$ 26.71 billion) by 2027-28, supporting 80 GW of new capacity by 2031-32. 

Adani Power benefits from India’s rising electricity demand, which is growing at 6–6.5% annually, by supplying base-load power through long-term contracts with state utilities and bulk consumers. Sector-wide investments in generation, transmission, and fuel logistics support plant utilisation and capacity expansion. Policy support for grid strengthening and payment security mechanisms improves operating visibility. Investments in thermal, transmission, and energy storage infrastructure also support stable power offtake, grid reliability, and integration with India’s expanding renewable energy system. 

Adani Power Ltd. Stock Market Presence: Listings & Index Representation 

Adani Power Ltd. is an established participant in the Indian equity market and is listed on major stock exchanges such as the NSE (ADANIPOWER) and the BSE (533096). The stock forms part of key market indices including the Nifty Next 50, Nifty 100, Nifty 200, Nifty 500, Nifty Energy, Nifty High Beta 50, and MSCI Emerging Markets Index, which reflect its role within India’s power generation and energy infrastructure sector. Its presence in these indices links the company’s market performance with broader movements in electricity demand, infrastructure development, and the listed utilities and energy space. 

Adani Power stock price receives close attention from both institutional and retail market participants because it represents a large thermal power generation asset base within India’s listed energy universe. Index inclusion reflects its market capitalisation, scale of operations, and relevance to the power and utilities segment. Listing on the NSE and BSE provides trading access and liquidity, while index representation connects the stock to sector benchmarks and energy-focused investment tracking within the Indian equity market. 

Adani Power Ltd. Stock Performance and Adani Power Share Price History 

Adani Power share price history reflects a large thermal power company in India’s regulated energy sector. The stock responds to capacity changes, power demand, fuel linkages, PPAs, regulation, and restructuring. Movements often track trends in the power and utilities sector and shifts in electricity demand. 

These underlying factors appear clearly in Adani Power stock performance across different market phases. From 2009 to 2012, the stock showed limited movement, reflecting early capacity build-out and sector challenges. In 2011, the stock declined sharply by 51.94%, followed by continued pressure in 2013 when it fell 39.28%, reflecting stress in the power sector due to fuel shortages, regulatory uncertainty, and weak balance sheets across thermal utilities. 

From 2014 to 2017, Adani Power share price recovered gradually as operational stability improved. The stock gained 12.29% in 2014, 36.27% in 2017, and 19.60% in 2018, reflecting improved plant utilisation, restructuring efforts, and sector stabilisation. In 2020, the stock declined 22.07% during the pandemic-driven demand shock but rebounded strongly in subsequent years. 

The most significant upward phase came between 2021 and 2023. Adani Power share price rose 98.80% in 2021, followed by a sharp 195.71% rise in 2022 and a further 76.14% gain in 2023. This phase reflected sector recovery, higher electricity demand, improved thermal plant utilisation, and stronger visibility on operational performance. 

In 2024, the Adani Power stock price stabilised, posting a modest 1.18% gain. On 3 June 2024, Adani Power reached its highest end-of-day price of ₹874.5, marking a valuation peak following the prior rally. In contrast, the lowest historical end-of-day price of ₹15.45 was recorded on 2 July 2018, during a period of sector stress and financial restructuring. 

In 2025, Adani Power share price declined by 72.82%, reflecting a phase of correction after multiple years of strong gains. This decline shows how Adani Power stock performance also reflects market cycles, valuation resets, and changing sector sentiment. 

Overall, Adani Power share price history shows long cycles of correction and recovery shaped by India’s power demand trends, regulatory conditions, thermal generation economics, and infrastructure investment patterns, making the stock’s performance closely linked to structural shifts within the Indian power sector. 

Adani Power Ltd. Investor Relevance and Portfolio Role 

Adani Power plays a central role in energy-, infrastructure-, and utilities-focused portfolios, reflecting its position as one of India’s largest thermal power generation companies. Its presence in indices such as Nifty 100, Nifty 200, Nifty 500, and Nifty Energy places the stock firmly within portfolios tracking India’s power demand, grid stability, and infrastructure expansion. Exposure to long-term power purchase agreements, fuel supply linkages, and regulated tariffs links Adani Power’s portfolio relevance closely to India’s electricity demand and energy security framework. 

Adani Power equity is held by a mix of domestic and global institutional investors, reflecting its relevance within emerging-market, infrastructure, and energy-focused investment strategies. Prominent institutional holders include Goldman Sachs Trust II – GQG Partners International Opportunities Fund, The Advisors’ Inner Circle Fund III – GQG Partners Emerging Markets Equity Fund, GQG Partners Emerging Markets Equity Fund (A Series of GQG Partners Series LLC), SBI Mutual Fund, Vanguard STAR Funds, Vanguard International Equity Index Funds, and Quant Mutual Fund. This diversified ownership base reflects Adani Power’s role within both domestic and international portfolios linked to infrastructure and power sector exposure. 

Among mutual funds and global investment vehicles, notable holders include SBI Equity Hybrid Fund, SBI Focussed Equity Fund, Quant ELSS Tax Saver Fund, Quant Small Cap Fund, Vanguard Total International Stock ETF, and Vanguard FTSE Emerging Markets ETF. The presence of sector-agnostic funds alongside emerging-market and global index funds reflects Adani Power’s classification as both a core infrastructure stock and a constituent in broad-based equity allocations. 

 Beyond ownership, Adani Power stock is actively tracked in the derivatives market, where open interest, rollover data, and Adani Power F&O quotes reflect expectations around electricity demand trends, capacity utilisation, fuel supply developments, regulatory changes, and project execution updates. These derivatives metrics provide insight into how market participants position around sector developments such as tariff revisions, grid expansion, and generation capacity additions. 

Technical indicators such as Adani Power RSI, MACD, and MFI support short-term monitoring of momentum shifts in Adani Power stock price. and volatility linked to policy announcements, quarterly results, and power sector developments. While these tools mainly serve trading and risk-management purposes, they also help track how sentiment evolves around India’s power and infrastructure sector. 

Adani Power Limited shows varying beta across time frames. The long-term beta stands at 1.24. Daily beta is 1.24 over one month and 1.58 over three months. Weekly beta is 0.594 over one year and 1.22 over two years. The two-week beta over two years is 0.875, while the monthly two-year beta is 1.63. Mean values range from 90.15 to 150.98, and standard deviation rises from 1.31 to 11.07, showing higher variability over longer periods. 

Adani Power Ltd. Sectoral Relevance and Peer Positioning 

Adani Power Limited operates within India’s thermal power generation and electricity supply segment, where scale of generation capacity, fuel sourcing, power purchase agreements, and grid integration define sectoral relevance. The company supplies power to state distribution companies and large industrial users under long-term contracts, placing it among India’s major private thermal power producers. Sector relevance links closely to electricity demand growth, base-load generation needs, coal linkage availability, regulatory tariff structures, and transmission access rather than short-term market movements. 

Peer positioning compares Adani Power with other large power producers such as NTPC, Tata Power, JSW Energy, and Torrent Power based on installed capacity, fuel mix, long-term power offtake agreements, operating efficiency, and regulatory compliance. These comparisons focus on operational scale, stability of contracted revenues, cost control, and execution of generation projects. This framework helps track Adani Power’s role within India’s power infrastructure and its position relative to other utility-scale generators. 

Adani Power’s sectoral importance also reflects in financial and market metrics that show its scale, valuation, and earnings profile within the power generation industry. 

 Adani Power P/E ratio shows how the market values its earnings relative to the stability of its cash flows and regulated business structure. As of December 2025 (TTM), Adani Power’s P/E ratio stands at 19.7. Historically, the ratio showed sharp variation, with negative values during periods of losses, including -442 in 2016, -12.3 in 2017, and -41.0 in 2018. The return to positive earnings led to normalization of valuation levels, reflected in the current TTM multiple near 19.7. 

Alongside valuation, Adani Power EPS highlights per-share earnings performance. EPS (TTM) in 2025 stands at ₹6.86. Earlier years show negative EPS during stress periods, including -₹0.073 in 2016, -₹4.81 in 2017, and -₹1.65 in 2018. The shift from losses to positive EPS mirrors operational stabilisation and improvement in profitability across later years. 

 Adani Power market cap reflects its size and standing within India’s listed power sector. As of December 2025, the market capitalisation stands at ₹2.759 trillion. The market cap expanded from ₹384.72 billion in 2021 to ₹1.155 trillion in 2022, ₹2.027 trillion in 2023, ₹1.963 trillion in 2024, and ₹2.759 trillion in 2025, reflecting structural changes in scale and valuation over time. 

Finally, Adani Power earnings track the company’s operating performance at the business level. Earnings reached ₹211.52 billion in 2023, eased to ₹197.42 billion in 2024, and stood at ₹187.76 billion (TTM) in 2025. Earlier periods show lower or negative earnings, including ₹44.06 billion in 2021 and a loss of -₹6.31 billion in 2017. These figures show the transition from earnings volatility to a more stable operating phase within the power generation cycle. 

Summary 

Adani Power’s position within India’s power sector reflects its scale in thermal generation, long-term power contracts, and integration with national grid infrastructure. Financial indicators such as earnings, market capitalisation, P/E ratio, and EPS show the company’s transition from volatility toward operational stability. Peer comparisons place it alongside major utilities based on capacity, fuel sourcing, and regulatory compliance. Adani Power share price reflects these structural, sector-led, and operational factors rather than short-term market activity alone.