Adani Power Limited (APL), India's largest private sector thermal power generator, has received a significant boost to its expansion plans. The company has been awarded a 25-year electricity procurement contract from Bihar State Power Generation Company Ltd (BSPGCL), marking a major development in the power sector.

Project Details

The contract involves the construction of a new 2,400 MW greenfield ultra super critical thermal power plant in Pirpainti, Bhagalpur district, Bihar. The plant will consist of three 800 MW units, showcasing Adani Power's commitment to large-scale energy production.

Power Distribution

The electricity generated from this plant will serve two key distribution companies:

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

This strategic placement aims to strengthen the power infrastructure in both northern and southern regions of Bihar.

Financial and Economic Impact

According to the company's disclosure, Adani Power plans to invest approximately $3 billion in setting up the plant and related infrastructure. This substantial investment is expected to have a significant economic impact on the region:

• Direct and indirect employment generation of 10,000 - 12,000 jobs during the construction phase
• Around 3,000 jobs once the plant becomes operational

Competitive Edge

Adani Power secured this contract through a competitive bidding process, offering the lowest supply price of ₹6.08 per KWh. This competitive pricing demonstrates the company's efficiency and strategic positioning in the power generation sector.

Management's Perspective

S.B. Khyalia, CEO of Adani Power, emphasized the project's importance: "This plant will provide affordable and uninterrupted power to the people of Bihar, catalysing industrialisation, strengthening the state's economy, and supporting the prosperity of its people."

Market Response

Despite the positive news, Adani Power's shares traded 1.27% lower at ₹587.40.

Future Outlook

This project aligns with India's growing power demands, as the country's peak demand is expected to rise from the current ~250 GW to ~400 GW by 2031-32, and potentially reaching 700+ GW by 2047. Adani Power's expansion in Bihar positions the company to play a crucial role in meeting these increasing energy needs.

The upcoming Pirpainti project represents Adani Power's commitment to operational excellence and sustainability in the thermal power sector, reinforcing its position as a key player in India's energy landscape.

Adani Power Limited (APL), a major player in India's power sector, has announced significant changes in its senior management, effective August 25, 2025. The company has appointed Rajeev Singh as the new Head of Techno-Commercial operations, a position designated as Senior Management Personnel.

Leadership Transition

The change comes as part of an ongoing transition process across the Adani Group. Kulpati Jha, who previously held the position of Head - Techno Commercial, has moved to a new role within the broader Adani Group structure.

New Appointment

Rajeev Singh, the incoming Head of Techno-Commercial operations, brings a wealth of experience to his new role. With a background in Mechanical Engineering, Singh boasts an impressive 29-year career in techno-commercial functions. His tenure includes 14 years with Adani Power, where he has been instrumental in leading key techno-commercial initiatives. Prior to joining Adani Power, Singh was associated with Reliance Industries Limited.

Professional Background

According to the company's disclosure, Singh has played a crucial role in:

• Crafting and implementing effective strategies
• Ensuring compliance
• Mitigating risks
• Optimizing value for the organization

His appointment is on a full-time employment basis, reflecting the company's commitment to strengthening its senior management team.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Adani Power Limited has duly informed the BSE Limited and the National Stock Exchange of India Limited about these changes in its Senior Management Personnel.

Upcoming Investor Interactions

In related news, Adani Power has also announced upcoming interactions with investors and analysts. The company is scheduled to participate in non-deal roadshows in Mumbai on August 28 and 29, 2025. These one-on-one meetings are part of the company's ongoing engagement with the investment community.

Adani Power Limited continues to adapt and evolve its leadership structure to meet the challenges and opportunities in India's dynamic power sector. The appointment of Rajeev Singh as Head of Techno-Commercial operations signals the company's focus on leveraging experienced talent to drive its techno-commercial strategies forward.