Adani Power Limited is an Indian multinational power and energy company and the largest private thermal power producer in India. The company is a subsidiary of Adani Group and is headquartered in Ahmedabad, Gujarat. Adani Power was initially established as a power trading company in 1996 and has since evolved into a comprehensive power generation company that plays a crucial role in India's energy sector.
The company operates as a key component of India's power infrastructure, focusing on thermal power generation while also venturing into renewable energy. Adani Power plays a pivotal role in driving India's economic growth engine by ensuring reliable, always-available power supply to industrial and residential consumers through strategic investments in large-scale capacity expansion. With its focus on advanced technologies, effective fuel management and logistics capabilities, excellence in plant operations and maintenance, and environmental consciousness, the company consistently sets new benchmarks of all-round excellence.
Adani Power operates as a private thermal power producer with a capacity of 15,250 MW and operates a mega solar plant of 40 MW at Naliya, Bitta, Kutch, Gujarat. The company generates electricity through thermal energy sources through various power projects with a combined installed and commissioned capacity of 15,250 MW. The power generation portfolio includes strategically located facilities across multiple states in India.
The company operates various coal-based power plants comprising 4,620 MW at Mundra, Gujarat; 3,300 MW at Tiroda, Maharashtra; 1,320 MW at Kawai, Rajasthan; 1,200 MW at Udupi, Karnataka; 600 MW at Raigarh, Chhattisgarh; 1,370 MW at Raipur, Chhattisgarh; 1,200 MW at Singrauli, Madhya Pradesh; and 1600 MW at Godda, Jharkhand. The company also operates solar-based power plant comprising 40 MW at Bitta, Gujarat.
The Mundra facility represents the largest single location coal-based power project in India. The company was the world's first to set up a coal-based Supercritical thermal power project registered under the Clean Development Mechanism (CDM) of the Kyoto protocol.
Adani Power Limited engages in the generation, transmission, and sale of electricity under long-term power purchase agreements (PPA), supplemental PPA, medium and short-term PPA, and on merchant basis in India. The company has signed long-term power purchase agreements of about 9,153 MW with the government of Gujarat, Maharashtra, Haryana, Rajasthan, Karnataka, and Punjab.
Through long-term power purchase agreements with Maharashtra and Rajasthan State Distribution Companies, the company transmits electricity to the state and central utilities. In addition, the company engages in coal trading business, which complements its power generation operations and provides additional revenue streams.
Adani Power Ltd has a market capitalisation of Rs 2,26,132 crore as of the latest reporting date. On a consolidated basis, Adani Power Ltd reported a profit of Rs 2,599.23 crore on a total income of Rs 14,535.60 crore for the quarter ended March 2025. For the year ended March 2025, Adani Power Ltd posted a profit of Rs 12,749.61 crore on a total income of Rs 56,203.09 crore.
As of FY25, Adani Power's total assets stand at ₹1,12,918 crore, a 22.72% increase compared to ₹92,009 crore in the previous financial year. The company is profitable and recorded total profits of ₹12,750 crore in FY25 with a net profit margin of 22.68%.
In August 2022, Adani Power announced it would acquire DB Power Limited (DBPL) from Dainik Bhaskar Group for around Rs 7,017 crore. In 2024, Adani Power was awarded orders for 2x800 MW thermal power plant (TPP) in Raipur, Chhattisgarh and 2x800 MW thermal power plant (TPP) in Mirzapur, Uttar Pradesh.
Adani Power has received a Letter of Award (LOA) from Uttar Pradesh Power Corporation (UPPCL) for procurement of 1,500 MW from a new thermal power project of 2x800MW (1600 MW) installed capacity situated in the State of Uttar Pradesh for a period of 25 years. As part of the contract, the Company will supply power at a highly competitive tariff of Rs 5.383 per unit from a greenfield 2x800 MW (1500 MW net) Ultra-supercritical power plant.
Adani Power received a percentile score of 65 in Corporate Sustainability Assessment by DJSI-S&P Global and achieved a leading position in India and 30th position globally in ESG benchmarking for 2019. CRISIL assigned Adani Power ESG rating '54 Adequate' and Core ESG rating '61' for FY2025.
The company demonstrates its commitment to sustainable operations through various initiatives and continues to focus on reducing emissions while maintaining operational efficiency. The company aims to develop and adopt new technologies for sustainable operations of units leading to lower emissions.
With its total commissioned capacity, Adani Power has established itself as the largest private power producer in India. The company's vision is to be a transformative force in power generation, empowering lives and contributing to the energy security of nations by providing sustainable, affordable and reliable power.
The company aims to transform its generating units from base load power plants to flexible operations to contribute to the energy security of the country. This strategic approach positions Adani Power to adapt to the evolving energy landscape in India while maintaining its leadership position in the thermal power sector.
The company continues to evaluate growth opportunities both organically and through acquisitions, ensuring it remains at the forefront of India's power generation sector while contributing to the nation's energy security and economic development.
