Adani Power Limited has announced a senior management change, with Mr. Sameer Ganju ceasing his role as Senior Management Personnel effective December 26, 2025. The announcement was made through a regulatory filing to stock exchanges on December 27, 2025, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Transition Details

The change is part of an ongoing transition process across the Adani Group. Mr. Ganju, who held the position of Chief - Fuel Management & Ash Management and was designated as Senior Management Personnel of the company, has been moved to a new role within the broader Adani Group structure.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the necessary documentation with both BSE Limited and National Stock Exchange of India Limited, ensuring full compliance with regulatory requirements.

The announcement follows the prescribed format under SEBI LODR Regulations and SEBI Circular SEBI/HO/CFD/POD2/CIR/P/0155 dated November 11, 2024. The information has also been made available on the company's official website at www.adanipower.com .

Company Information

Adani Power Limited, with its registered office at Adani Corporate House in Ahmedabad, Gujarat, continues its operations under the ongoing organizational restructuring within the Adani Group. The company maintains its commitment to transparency and regulatory compliance through timely disclosures of material changes in senior management positions.

Adani Power has announced a significant expansion of its long-term capacity target to 41.87 gigawatt (GW) by FY32, accompanied by a capital expenditure commitment of approximately ₹2 lakh crore. This represents one of the most aggressive private-sector expansion plans in India's thermal power industry, positioning the company to potentially capitalize on the country's multi-decade rise in electricity demand.

Revised Capacity Targets and Investment Plans

The company's updated capacity target marks a substantial increase from its earlier plan of 30.67 GW by FY30. Currently operating 18.15 GW of generation capacity, Adani Power has secured an additional pipeline of 23.72 GW with land already in possession and key equipment orders placed.

The ₹2 lakh crore capital expenditure commitment through FY32 represents the largest investment by a private-sector thermal power producer, underlining the company's confidence in India's growing energy requirements.

Recent Capacity Additions and Project Wins

Adani Power increased its generation capacity from 17,550 MW to 18,150 MW, including the acquisition of Vidarbha Industries Power Ltd, a 2x300 MW plant near Nagpur. The company has also secured competitive power supply tenders across multiple states including Uttar Pradesh, Bihar, Madhya Pradesh, and Assam.

Major Project Announcements

Adani Power has announced several ultra-supercritical greenfield projects across different states, representing significant investment commitments:

The company has also diversified into hydropower through an agreement with Bhutan's Druk Green Power Corporation for the 570 MW Wangchhu hydroelectric project.

Fuel Security and Mining Operations

To support its expansion plans, Adani Power has received approval to operationalize the Dhirauli captive coal mine in Singrauli, Madhya Pradesh. The mine has a peak production capacity of 6.50 million tonnes per annum and geological reserves of approximately 558 million tonnes, potentially ensuring fuel security for the company's thermal operations.

Market Context and Future Outlook

India's peak power demand is projected to rise from approximately 250 GW currently to 400 GW by 2031-32 and exceed 700 GW by 2047. The government has set a target of adding 100 GW of new thermal capacity by 2035, providing a supportive policy environment for the company's expansion plans.

For 2026, the company's priorities include accelerating construction across new thermal projects, ramping up captive coal mining, expanding hydro partnerships, and increasing digitalization to improve operational efficiency and reliability. The ongoing and planned projects are expected to generate large-scale employment during construction and operations, alongside skill development initiatives in project regions.