Adani Power share price surges up to 4.5% as the company secures a Letter of Award for 1,600 MW long-term power supply Shares of Adani Power (APL) rose as much as 4.55% to ₹153.25 on the NSE on March 16, 2026, following the announcement of a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Ltd. (MSEDCL). The LoA pertains to the supply of 1,600 MW of power from one of Adani Power’s upcoming ultra-supercritical thermal power projects (USCTPP). The company highlighted that the LoA was secured through a competitive bidding process, where it emerged as the lowest-tariff bidder, offering power at a combined tariff of Rs 5.30 per kilowatt-hour. The power supply under the proposed 25-year Power Supply Agreement (PSA) is set to commence in the financial year 2030-31. This marks another significant milestone for Adani Power, which has already secured five long-term PSA bids during FY25-26, totaling 10,400 MW of capacity. The company emphasized that this achievement aligns with the renewed investment surge in the thermal power sector and underscores its role as a leading provider of new-generation capacity. Adani Power has now tied up long-term PSAs for 13.3 GW of its 23.8 GW under-implementation pipeline, representing a major step toward its goal of securing nearly its entire capacity under such contracts. Over 95% of the company’s current operating capacity of 18.15 GW is already under medium-to-long-term PSAs, while more than 55% of its upcoming 23.8 GW capacity is secured under 25-year PSAs. The MSEDCL bid includes a pre-determined coal linkage, ensuring long-term fuel security and supporting a reliable, cost-effective power supply. Adani Power, a flagship entity of the Adani Group, is the largest private thermal power producer in India.#adani_power #adani_group #misedcl #sb_khyalia
