Adani Power Share Price in Focus; Accelerates Work on ₹30,000 Crore Odisha Project

Adani Power Limited has submitted its proposed 2,400 megawatt (MW) thermal power project in Odisha for environmental appraisal, as per Business Standard news report.  

The ₹30,181 crore Nilanchal Ultra Super Critical Thermal Power Plant (USCTPP) will be located in Rahangol and Kandarei villages in Cuttack district. The proposed plant will have three coal-based units, each with a capacity of 800 MW.  

The company has completed the preliminary work, including preparation of the environmental impact assessment (EIA) report and environmental management plan. 

Land and Coal Consumption 

The project will require 331.49 hectares of land. This includes 315.51 hectares of non-forest land and 15.984 hectares of forest land. The plant is expected to use 9.67 million tonnes of coal every year. 

The facility will use ultra-supercritical technology, which operates at higher steam temperatures and pressures than conventional subcritical thermal power plants.  

The proposed site is situated between 72 and 92 metres above sea level, around 9 km from the Mahanadi river. 

Water Requirement and Environmental Spending 

The plant is to require 42 million cubic metres (MCM) of water annually. Adani Power has identified the Mahanadi as its proposed water source and applied to the Odisha Water Resources Department for allocation. 

According to the draft EIA report, water will be drawn through an intake structure and pumping station near the river and transferred to a reservoir inside the plant premises. The facility will use a water-cooled condenser system. 

A source-sustainability assessment is also being carried out to examine the proposed withdrawal. The project has earmarked ₹1,908 crore for environmental protection.  

An additional ₹82 crore per year has been provided for operating and maintaining environmental management measures. 

Public Hearing on December 18, 2026 

The Odisha State Pollution Control Board (OSPCB) has issued a notice inviting objections, suggestions and comments from stakeholders. The project will require the necessary approvals before it can move to the next stage. 

Read More: Waaree Energies Share Price in Focus; To Invest ₹15,000 Crore in Green Ammonia Project in Andhra Pradesh! 

Adani Power Share Price Performance  

As of November 11, 2026, 12:00 pm, Adani Power share price was trading at ₹208.65, up 1.29% from the previous closing price. 

Conclusion  

The project is awaiting further regulatory clearances, with the public hearing scheduled for December 18, 2026. Subsequent steps will depend on the environmental appraisal process. 

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