Adani Power Share Price in Focus; Wins $3 Billion Bihar Project for 2,400 MW Supply

Adani Power Ltd (APL) has received a Letter of Award (LoA) from Bihar State Power Generation Company Ltd (BSPGCL) for the 25-year supply of 2,400 MW electricity.

The power will be generated from a greenfield ultra-supercritical thermal power plant (800 MW × 3 units) to be established at Pirpainti, Bhagalpur district, Bihar.

The award was granted on behalf of North Bihar Power Distribution Company Ltd. (NBPDCL) and South Bihar Power Distribution Company Ltd. (SBPDCL). The next step will be the signing of the Power Supply Agreement (PSA) between the parties.

Investment and Employment Generation

The project entails an estimated investment of $3 billion, covering both the plant and supporting infrastructure. During the construction phase, the project is expected to generate 10,000–12,000 direct and indirect jobs, with about 3,000 employment opportunities during its operational phase.

Addressing India’s Growing Power Demand

India’s power requirement is projected to surge, with peak demand expected to rise from ~250 GW currently to 400 GW by FY2031-32, and surpass 700 GW by 2047. Recognising this growth, the government has planned an additional 100 GW of thermal capacity by 2035. Thermal power remains crucial for India’s energy security, offering reliable base-load and grid balancing capabilities.

Competitive Bidding Success

Adani Power won the project through a Tariff-Based Competitive Bidding process conducted by BSPGCL, quoting the lowest supply tariff of ₹6.075 per KWh.

“Adani Power, as India’s largest private sector thermal power producer, has consistently demonstrated the capability to deliver dependable capacity at scale," said Mr. S.B. Khyalia, Chief Executive Officer of Adani Power.

"With our upcoming ultra-supercritical, high-efficiency Pirpainti project in Bihar, we are setting new benchmarks in operational excellence and sustainability. 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. Through projects such as this, Adani Power remains committed to playing a leading role in securing India’s energy future,” he said.

Adani Power Share Price Performance

On August 29, 2025, Adani Power share price (NSE: ADANIPOWER) opened at ₹598.40, up from its previous close of ₹594.95. At 10:46 AM, the share price of Adani Power was trading at ₹588.50, down by 1.09% on the NSE.

Also Read: L&T Secures Ultra Mega Contract From Adani Power for 6,400MW Thermal Power!

Conclusion

This project strengthens Adani Power’s position in the energy sector while addressing Bihar’s electricity needs. It also aligns with India’s broader energy strategy to balance growth with grid stability.

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