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

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. 

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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. 

Company’s Disclosure on Related Parties 

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. 

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Adani Power Share Price Performance  

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. 

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