Adani Power Secures 2,400 MW Bhagalpur Power Project Tender in Bihar

Adani Power Limited has been awarded the 2,400 MW Bhagalpur (Pirpainti) power project in Bihar following a competitive bidding process. The project, valued at approximately ₹30,000 crore, represents one of the largest private sector investments in the state’s power sector and is expected to significantly boost Bihar’s energy supply and industrial capacity over the coming decade.

Adani Submits Most Competitive Tariff Bid

The Bihar government selected Adani Power as the lowest bidder after it quoted a tariff of ₹6.075 per kWh, comprising a fixed charge of ₹4.165 and a fuel charge of ₹1.91 per unit. The tariff was described as “highly competitive,” given that similar projects in Madhya Pradesh recently saw higher fixed charges exceeding ₹4.22 per kWh. 

Competing firms included Torrent Power, Lalitpur Power Generation Company, and JSW Energy, all of which offered slightly higher rates. Officials said the transparent e-bidding process ensured fair evaluation across all participants.

Strategic Investment to Power Bihar’s Growth

The Bhagalpur project aims to meet Bihar’s rapidly growing electricity demand, which is projected to more than double to 17,000 MW by 2034–35. Adani’s investment is expected to strengthen industrial activity in eastern India while creating thousands of direct and indirect employment opportunities. 

Under the Bihar Industrial Investment Promotion Policy 2025, the land, owned by the state and leased to the developer at a nominal rate, will revert to the government after the project’s term. The state clarified that no exclusive concessions were granted to Adani Power.

Read More: Adani Subsidiaries Execute SPA for PT Adani Global (Indonesia) to ENERGICO for $125 Million!

Adani Power Share Price Performance 

As of November 07, 2025, at 3:30 PM, Adani Power share price is trading at ₹151.69 per share, reflecting a decline of 0.97% from the previous closing price. Over the past month, the stock has gained by 0.14%.

Conclusion

By securing the Bhagalpur power project, Adani Power has not only reinforced its leadership in India’s energy sector but also positioned itself as a key player in Bihar’s industrial resurgence. The landmark investment signals a new era of power-led development in one of India’s most underutilised growth corridors.

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