Adani Power Share Price Jumps 7% on 1500 MW Thermal Power Deal in Uttar Pradesh

Market Performance

Adani Power's share price surged 7% in early Monday trades, reflecting strong investor sentiment after the company announced a significant power supply agreement.

• Opening Price: ₹545
• Intraday High: ₹552
• Gain: 7% during morning trades

This uptick follows a key development involving a large-scale thermal power contract in Uttar Pradesh.

Main News: 1500 MW Thermal Power Supply Agreement Secured

Adani Power Limited received a Letter of Award from Uttar Pradesh Power Corporation Limited for supplying 1,500 MW of electricity from a proposed thermal power plant.

Key Details:

• Project Size: 2x800 MW (Total Installed Capacity: 1,600 MW)
• Net Supply Contracted: 1,500 MW
• Duration: 25 years
• Supply Model: Design, Build, Finance, Own, and Operate (DBFOO)
• Tariff: ₹5.383 per unit

The award was secured through a competitive bidding process initiated by UPPCL.

Company Details and Project Significance

The planned ultra-supercritical thermal power plant is a greenfield project and will be established in Uttar Pradesh. This strategic move comes as the state anticipates a surge in power demand.

Future Demand Outlook:

• Estimated Increase: 11,000 MW by FY34
• Growth Drivers: Urbanization, industrial expansion, and modernization

This agreement is crucial to the state's long-term energy infrastructure goals.

Financial Commitment and Economic Impact

Adani Power has outlined significant investments for this initiative.

Key Financial and Operational Points:

• Estimated Investment: ~$2 billion
• Construction Phase Employment: 8,000–9,000 jobs (direct + indirect)
• Operational Phase Employment: ~2,000 jobs

The company aims to commission the plant by FY30, ensuring a reliable, low-emission electricity supply in one of India's fastest-growing states.

Summary

The Adani Power share price gained momentum following a major power supply agreement with UPPCL. The 1,500 MW thermal project strengthens Adani Power's portfolio and aligns with Uttar Pradesh's future energy needs. With a 25-year supply contract and an investment nearing $2 billion, this project is poised to drive energy availability and job creation in the region.