Adani Power Surges 3% As Company Receives LoA from MSEDCL For 1,600 MW Long-Term Power Supply

Adani Power Ltd. (APL) has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the long-term supply of 1,600 MW of thermal power. The agreement will be executed under a proposed 25-year Power Supply Agreement (PSA) following APL’s successful bid in a competitive tender process. 

Long-Term Power Supply Agreement Secured 

The contract involves the supply of electricity from one of Adani Power’s upcoming ultra-supercritical thermal power projects. The company emerged as the lowest tariff bidder, offering power at a combined tariff of ₹5.30 per kWh. 

The power supply under the PSA is expected to commence from the financial year 2030–31. The agreement is aimed at supporting Maharashtra’s growing electricity demand with dependable long-term power availability. 

Strengthening Capacity Pipeline 

With this award, Adani Power continues to expand its presence in India’s thermal power sector. The company has already secured five long-term PSAs in FY26, with a combined contracted capacity of 10,400 MW. 

Following this development, the company has tied up long-term PSAs for 13.3 GW out of its 23.8 GW under-implementation capacity pipeline. Additionally, more than 95% of Adani Power’s operational capacity of 18.15 GW is already contracted under medium-to-long-term power agreements. 

Expansion Plans and Industry Impact 

Adani Power is currently undertaking one of the largest thermal power capacity expansion programmes in India’s private sector. The company plans to increase capacity from 18.15 GW to 41.87 GW by FY32, with investments of around ₹2 lakh crore. 

The projects are aligned with India’s rising electricity demand driven by economic growth, urbanisation, industrial expansion, and increasing household electrification. During the construction phase, the projects are also expected to generate employment opportunities and stimulate industrial activity. 

Read More: NTPC Green Energy, Adani Power, and Other Energy Stocks Surge as Electricity Demand Spikes! 

Adani Power Share Price Performance  

As of March 16,2026, at 1:50 PM, Adani Power share price is trading at ₹151.27 per share, reflecting a surge of 3.21% from the previous closing price.  

Conclusion 

The LoA from MSEDCL strengthens Adani Power’s long-term contracted portfolio and supports the company’s strategy of securing stable revenue through long-duration power supply agreements. 

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