Adani Power wins 25-year Uttarakhand award for 1,234 MW thermal power supply
As filed · Adani Power Limited has informed the Exchange about Letter of Award
What happened
FactAdani Power received a Letter of Award from Uttarakhand Power Corporation for 1,234 MW of ex-bus net thermal power supply, representing 1,320 MW of installed capacity. The 25-year Power Supply Agreement remains subject to approval by the Uttarakhand Electricity Regulatory Commission for tariff adoption under Section 63 of the Electricity Act, 2003.
Why it matters
CapitSignal interpretationAn order converts to revenue over its execution period, so its size relative to existing revenue decides whether it changes the trajectory or is routine flow.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Input Costs
ContradictedOur cost per MW is much lower than what other people are building.
The indices of imported coal are higher, and merchant prices have also increased.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Execution period stated in the order
- Whether the order book total is disclosed
- Margin commentary at the next results
- We are on track to commission the 1,320 MW Korba Phase-II project this year, while the 1,600-MW Mahan Phase-II (management committed by Q1 FY28)
- Actually, what's happening, Shirom, is we are only deferring the commissioning targets by an average of 6 mont (management committed by FY29)
Evidence
- Adani Power Limited has informed the Exchange about Letter of Award(opens the original filing in a new tab)
- Earlier statement · Q4 FY25
- Latest statement · Q1 FY27
- Earlier statement · Q4 FY26
How CapitSignal classified this
- Reasoning:
- The award could add long-duration contracted thermal power supply for Adani Power, but the filing does not disclose tariff or contract value. Completion remains conditional on regulatory approval for tariff adoption.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%