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Adani Power Shares Surge Following Major 1234 MW Thermal Power Contract
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CNBC TV18•14-10-2026, 12:01
Adani Power Shares Surge Following Major 1234 MW Thermal Power Contract
- •Adani Power shares gained on Wednesday following a Letter of Award from Uttarakhand Power Corporation Ltd.
- •The agreement involves supplying 1,234 MW of thermal power for a period of 25 years.
- •The company recently announced a partnership with Bhutan's Druk Green Power Corp to develop a hydroelectric project.
- •Adani Power stock traded 1.5 percent higher at 188.75 rupees following the announcement.
Key Questions Answered
Adani Power received a Letter of Award from Uttarakhand Power Corporation Ltd to supply 1,234 MW of thermal power over a 25-year period from a plant featuring 1,320 MW of installed capacity.
The project was awarded to Adani Power through a tariff-based competitive bidding process after a joint venture proposal involving state-owned entities did not proceed.
Adani Power signed a shareholders' agreement with Bhutan's Druk Green Power Corp to jointly develop the 770 MW Chamkharchhu-I Hydroelectric Project using a 49:51 equity split model.
