Adani Power Ltd. has seen a significant uptick in its share price, with an 8% gain over the past two weeks and an impressive 23% increase year-to-date. The stock closed at Rs 648.65, reflecting growing investor interest in the power generation company.

Major Project Acquisitions

Adani Power has recently secured a substantial 1,600 MW thermal power project in Madhya Pradesh, valued at Rs 21,000 crore. This marks the company's fifth major order in the past 12 months, bringing its total awarded capacity to 7,200 MW. The string of successful bids underscores Adani Power's expanding footprint in India's energy sector.

Diversification into Coal Mining and Hydroelectric Power

In a move to strengthen its vertical integration, Adani Power has received approval for an underground coal mining project in Nagpur. The project boasts an annual capacity of 2 million tonnes, potentially ensuring a steady supply of fuel for its thermal power plants.

Furthermore, the company is venturing into hydroelectric power generation through a joint venture agreement with Bhutan's Druk Green Power Corporation. The partnership aims to develop a 570 MW hydroelectric project, diversifying Adani Power's energy portfolio and tapping into renewable resources.

Upcoming Stock Split

Shareholders of Adani Power have approved the company's first-ever stock split, a move aimed at enhancing liquidity and encouraging retail participation. The split will subdivide each share with a face value of Rs 10 into five shares with a face value of Rs 2 each. The record date for this corporate action is set for September 22.

Market Outlook and Technical Analysis

Analysts are optimistic about the stock's performance following the split. Technical targets for Adani Power shares range from Rs 700 to Rs 780. Key support levels have been identified at Rs 600 and Rs 625, while resistance is expected at Rs 660 and Rs 700.

The recent developments, including project acquisitions and the upcoming stock split, have contributed to the positive sentiment surrounding Adani Power shares. As the record date approaches, investors will be closely watching the stock's performance and its potential for further growth in the power sector.

Adani Power Limited (APL), India's largest private sector thermal power generator, has signed a significant 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd. (BSPGCL). The agreement, finalized on September 12, 2025, involves the supply of 2,400 MW of power from a new ultra super critical plant to be constructed in Pirpainti, Bhagalpur district, Bihar.

Project Details

Power Distribution

The project will supply power on behalf of:

• North Bihar Power Distribution Company Ltd. (NBPDCL)
• South Bihar Power Distribution Company Ltd. (SBPDCL)

Economic Impact

The new power plant is expected to generate substantial employment opportunities:

• Construction Phase: 10,000-12,000 jobs
• Operational Phase: Approximately 3,000 jobs

Project Timeline

Adani Power aims to fully commission the plant within 60 months from the agreement date.

Company Background

Adani Power Limited, part of the Adani portfolio, currently has an installed thermal power capacity of 18,110 MW spread across twelve power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu. The company also operates a 40 MW solar power plant in Gujarat.

This new agreement further solidifies Adani Power's position as a key player in India's power sector, contributing to the nation's goal of becoming power-surplus and ensuring affordable electricity for all.

The signing of this long-term agreement represents a significant step in addressing Bihar's power needs and demonstrates the continued growth and expansion of Adani Power in the Indian energy market.