Adani Power Share Price: The share price of the BSE 100 stock, Adani Power, skyrocketed on Monday (April 6), supported by a Letter of Award received from the Maharashtra State Electricity Distribution Co. Limited (MSEDCL).
As of 12:05 am, the share price of Gautam Adani’s Adani Power was up 2.4 per cent, or Rs 3.75, trading at Rs 163.65. The price went as high as Rs 165, reflecting an upside of 3.2 per cent from the previous close of Rs 159.90.
Adani Power bags order from MSEDCL
In an exchange filing dated April 2, the company said it had received a Letter of Award (LoA) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply 2,500 MW of renewable energy round-the-clock (RE-RTC) power for a period of 25 years.
“Adani Power Limited has received a Letter of Award (“LoA”) from Maharashtra State Electricity Distribution Co. Limited (“MSEDCL”) for the supply of 2,500 MW RE-RTC power for a period of 25 years from the Scheduled Commencement Date of Supply, upon APL being declared the successful bidder in the e-RA results,” the company said.
With this development, Adani Power has now tied up long-term PSAs of 13.3 GW out of its 23.8 GW under-implementation pipeline, PTI reported. The LoA follows Adani Power’s success in a bidding process, where the company emerged as the lowest-tariff bidder, offering power at a combined tariff of Rs 5.30/kWh, it added.
The real multibagger story is evident in its long-term performance, with returns of 325.97 per cent over three years, 731.81 per cent over five years, and a massive 2,293.27 per cent over ten years. These figures highlight Adani Power’s wealth-creation potential, making it a standout performer and a classic example of a long-term multibagger investment.
About Adani Power Stock
Adani Power is part of the BSE 100 and operates in the integrated power utilities sector. The company has a market capitalisation of Rs 3,15,786.88 crore.
Adani Power Q3 Result
Adani Power on Thursday said its consolidated net profit dropped by over 15 per cent year-on-year to Rs 2,488 crore in the December quarter of FY26, mainly due to lower one-time income.
“Consolidated profit after tax for Q3 FY26 was at Rs 2,488 crore versus Rs 2,940 crore for Q3 FY25, mainly due to lower one-time prior-period income,” the company said in a statement.
Total revenue for Q3 FY26 stood at Rs 12,717 crore, compared to Rs 13,434 crore in Q3 FY25, despite lower rates and reduced other income.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
