Adani Power

Adani Power has formally entered the nuclear energy segment through the establishment of a new subsidiary, Adani Atomic, marking a strategic diversification into next-generation power generation. The move reflects the conglomerate’s broader ambition to expand its footprint across conventional and clean energy verticals. Industry analysts view the initiative as a long-term bet on India’s evolving energy mix, where nuclear power is expected to complement renewable capacity in achieving decarbonization targets.

Developments surrounding customs duty obligations linked to Adani Power’s operations within a Special Economic Zone (SEZ) have drawn renewed attention to regulatory clarity in India’s infrastructure and energy sectors. The issue underscores the complex interplay between tax incentives, import duties, and compliance norms governing SEZ-based projects. As authorities review applicable levies and exemptions, industry stakeholders are watching closely for signals that could influence investment decisions and project economics.

Adani Power Ltd has emerged as the lowest bidder for Bihar’s ambitious 2,400 MW Bhagalpur thermal power project, quoting a competitive tariff of Rs 6.075 per unit. The project, valued at approximately Rs 26,000 crore, marks a significant milestone in Bihar’s push toward energy self-sufficiency and industrial growth. Expected to be developed over the next five years, the ultra-supercritical plant will strengthen the state’s power infrastructure and generate large-scale employment during construction.

Adani Power has secured a 1,600 MW power generation project in Madhya Pradesh, marking a strategic expansion in its energy portfolio. The company plans to invest Rs. 21,000 crore to develop the project, which will include state-of-the-art thermal power facilities and supporting infrastructure. Analysts view this move as a significant step toward meeting India’s growing energy demand, enhancing grid stability, and supporting industrial and residential power consumption.

Adani Power has announced a substantial investment of $3 billion to develop a large-scale power project in Bihar, marking a significant expansion in India’s eastern energy infrastructure. The initiative aims to enhance electricity generation capacity, support regional industrial growth, and address chronic power shortages in the state. By integrating advanced thermal and renewable energy technologies, Adani Power seeks to optimize efficiency, reduce emissions, and ensure reliable power supply.

Adani Power has received approval to commence operations at the Dhirauli coal block in Madhya Pradesh, marking a significant step in the company’s efforts to secure fuel supply for its power projects. The clearance paves the way for the company to begin commercial extraction from the mine, which holds substantial reserves of thermal coal. Industry observers say the development will not only strengthen Adani Power’s raw material security but also contribute to India’s broader energy self-reliance goals by reducing dependence on imported coal.

Larsen & Toubro (L&T), India’s leading engineering and construction conglomerate, has clinched a monumental Rs. 15,000 crore contract from Adani Power. This agreement marks a significant milestone in L&T’s order book, reinforcing its stronghold in the power infrastructure sector. The contract encompasses comprehensive engineering, procurement, and construction (EPC) services, aimed at boosting capacity and efficiency at Adani Power’s thermal power projects.

Adani Power Ltd. reported a 16% year-on-year decline in consolidated net profit for the quarter ended June 2025, with earnings slipping to Rs. 3,305 crore. The fall was primarily attributed to lower one-time income and elevated fuel costs, despite a steady increase in power demand across India. Revenue from operations rose slightly to Rs. 13,711 crore, buoyed by improved plant load factors and higher sales volumes. However, rising input costs and the absence of prior exceptional gains weighed on overall profitability.

Adani Power has successfully secured a major contract to supply 1,500 MW of electricity to Uttar Pradesh, marking a significant milestone in the company's growth strategy. The greenfield ultra-supercritical power plant, which will be established under a $2 billion investment, is part of the state's efforts to meet its growing energy demand. The long-term power supply agreement (PSA) with Uttar Pradesh Power Corporation Ltd (UPPCL) follows the approval of the project by the Uttar Pradesh cabinet earlier this month.

Adani Power’s consolidated net profit for the January-March 2025 quarter fell by 5% to Rs 2,599.23 crore, mainly due to the lower recognition of one-time items compared to the previous year. Despite this, the company experienced an impressive 5.3% rise in total revenue, driven by higher power sale volumes and growing demand. Over the entire fiscal year, Adani Power saw a significant increase in power generation and revenue, although one-time items and a higher tax charge led to a drop in annual profit.