Adani Power Share Price Surges Over 3%; Secures 25-Year Thermal Power Supply Contract

Written by: Team Angel OneUpdated on: 14 Oct 2026, 7:52 pm IST

Adani Power receives a Letter of Award from UPCL for 1,234 MW of thermal power supply over 25 years, subject to regulatory approval.

Adani Power Limited has won a tender issued by Uttarakhand Power Corporation Limited (UPCL) for the long-term supply of 1,234 MW of thermal power.

The company received the Letter of Award (LoA) on October 13, 2026, and informed the stock exchanges about it on October 14, 2026. The contract is for an ex-bus net supply of 1,234 MW, with an installed capacity of 1,320 MW. The power supply agreement will run for 25 years.

Terms of the Contract

The supply arrangement will be governed by the terms of the tender issued by UPCL and the conditions mentioned in the Letter of Award. The contract has been awarded by a domestic entity and covers thermal power supply.

Adani Power’s filing does not mention the monetary value of the contract. The order details provided by the company specify the power capacity and the 25-year supply period.

Tariff Approval Pending

The award is subject to approval from the Uttarakhand Electricity Regulatory Commission for tariff adoption under Section 63 of the Electricity Act, 2003.

In its filing, Adani Power stated that its promoters, promoter group, and group companies have no interest in UPCL. It also confirmed that the contract does not fall under related-party transactions.

As of October 14, 2026, 1:28 pm, Adani Power share price was trading at ₹192.46, up 3.50% from the previous closing price.

Conclusion

The contract covers 1,234 MW of thermal power supply over 25 years. Its implementation remains subject to the conditions in the Letter of Award and approval for tariff adoption by the Uttarakhand Electricity Regulatory Commission.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Oct 14, 2026, 2:22 PM IST

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