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.

Adani Power Limited (APL) has announced its financial results for the first quarter, demonstrating resilience in the face of challenging market conditions. The company reported a total revenue of Rs 14,167.00 crores, an EBITDA of Rs 5,744.00 crores, and a profit after tax of Rs 3,305.00 crores for Q1.

Power Supply and Market Dynamics

Despite a 1.6% decline in all-India power demand due to an early monsoon, APL managed to increase its power supply by 1.6% year-on-year, delivering 24.6 billion units of electricity. This growth was supported by the additional 2,300 MW capacity acquired last year and higher short-term sales in bilateral and exchange markets.

Financial Performance

The company's financial results reflect its ability to navigate market volatility:

While the revenue remained stable compared to the previous quarter, it saw a slight decrease year-on-year due to softer merchant tariffs and lower imported coal prices. The company's merchant realization stood at Rs 6.51 per kWh, down from Rs 7.60 in the same quarter last year.

Operational Highlights and Expansion

Adani Power continued its expansion strategy by acquiring Vidarbha Industries Power Ltd, adding 600 MW of capacity to its portfolio. This acquisition is expected to strengthen the company's presence in Maharashtra and provide further growth opportunities.

The company has made significant progress in its ongoing capacity expansion projects:

• Mahan Phase-II (Madhya Pradesh): Over 66% execution completed
• Raipur Phase-II (Chhattisgarh): Crossed 25% execution
• Raigarh Phase-II: Exceeded 20% execution

Additionally, APL received environmental clearance for the Korba Phase-II expansion revival, which will add 1,320 MW of capacity upon completion.

Strategic Developments

In a significant move, Adani Power signed a long-term Power Purchase Agreement (PPA) with Uttar Pradesh for 1,600 MW gross capacity at a tariff of Rs 5.39 per unit. This brings the company's fresh capacity tie-up to 4,520 MW, aligning with its growth strategy.

The company also reported improved financial health, with the receipt of over $500 million in payments from the Bangladesh Power Development Board, bringing outstanding receivables to near-normal levels.

Debt Management and Future Outlook

As of June 30, APL's total debt stood at Rs 44,372.00 crores. The company repaid Rs 2,579.00 crores of unsecured perpetual securities during the quarter, demonstrating its commitment to debt reduction.

Looking ahead, Adani Power remains optimistic about the power sector's growth prospects in India. The company has secured equipment supplies for 11.2 GW of new capacity addition, positioning itself to capitalize on the government's target of adding 80-95 GW of thermal power capacity to meet growing energy demands.

S.B. Khyalia, CEO of Adani Power, commented on the results, stating, "Adani Power has again demonstrated its competitive strength and the resilience of its business model. We are confident that the path to a secure and sustainable energy future passes through the thermal power landscape, and we are well-positioned to play a key role in attaining the country's targeted capacity addition."

As India's power demand continues to grow, Adani Power's strategic investments and operational efficiency are likely to play a crucial role in meeting the nation's energy needs while delivering value to its stakeholders.