Adani Group Company Shines: Share Price Jumps Over 2% in Early Trade on Long-Term PSA Win
Parth DSIJ / 16 Mar 2026 / Categories: Mindshare, Trending
Despite overall weak market sentiment today, Adani Power Limited saw its share price rise in early trade. In the early session, the stock gained Rs 4.11, or 2.80 per cent, from its previous close of Rs 146.57, reaching Rs 150.68.
The rise in share price is due to the company receiving a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL). It is for the supply of 1600 MW thermal power under a long-term Power Supply Agreement (PSA).
APL has emerged as the lowest-tariff bidder in a competitive process, offering power at Rs 5.30/kWh. The 25-year Power Supply Agreement (PSA) with MSEDCL is set to begin in 2030-31.
With this, Adani Power has tied up 13.3 GW of its 23.8 GW under-implementation pipeline under long-term PSAs. Over 95 per cent of its current 18.15 GW capacity and more than 55 per cent of its upcoming 23.8 GW capacity are now secured under medium-to-long-term PSAs, ensuring stable revenue and volumes.
This PSA win is part of a strong phase for the company, which has secured five long-term PSAs totalling 10,400 MW during 2025-26, reflecting a renewed surge in thermal power investments.
“With India’s power demand continuing to rise steadily, long-term and reliable capacity addition is critical to ensure energy security,” said Mr. S.B. Khyalia, CEO of Adani Power Ltd. “This LoA from MSEDCL reflects the competitiveness of Adani Power’s cost structure, our ability to deliver dependable baseload power and our commitment to supporting India’s growing electricity needs through long-term partnerships. As India's leading private power producer, we are keen to support Maharashtra's and the nation's ambitious development goals with reliable and affordable electricity supply.”
Adani Power (APL), a part of the Adani portfolio, is the largest private thermal power producer in India. The Company has an installed thermal power capacity of 18,110 MW spread across twelve power plants in India. The company is undertaking India’s largest private sector thermal power capex program, expanding its capacity from the current 18.15 GW to 41.87 GW by 2031-32, with investments of approximately Rs 2 lakh crore.
Adani Power Share Price Performance
APL witnessed a strong start in early trade today despite weak market conditions. The share opened at Rs 149.90, up from its previous close of Rs 146.57, reflecting a gain of Rs 3.33 at the outset. During the session, the share price touched a high of Rs 153.25 before dipping slightly to a low of Rs 146.40. As of 10:30 IST, the stock was trading at Rs 150.68, marking a rise of Rs 4.11, or 2.80 per cent, from the previous close.
Year-to-date (YTD), the share has risen modestly by 1.49 per cent, while over the past year, it has recorded a gain of 47.44 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.