Adani Wins 1,500 MW Supply Order, Bags 25-Year Deal With UPPCL And Reports Rs 56,203 Crore FY24 Revenue With 11.62 Per Cent Growth But 38 Per Cent Profit Drop
On a YTD basis, the stock is up by 3.5 per cent while in the last 12 months it is down by 13.13 per cent.
Adani Power Limited has announced that it received a Letter of Award from Uttar Pradesh Power Corporation Limited on May 9, 2025, at 8:00 p.m. This LOA is for the procurement of 1,500 MW of power from a new thermal power project located in the State of Uttar Pradesh. The power will be sourced from a project with an installed capacity of 2x800MW, totaling 1600 MW. The agreement with UPPCL is for a period of 25 years. This marks the second major Power Supply Agreement (PSA) bid won by the company in the last one year. Previously, in September 2024, Adani Power received a composite LOI for 6,600 MW (1600 MW thermal and 5000 MW solar) from Maharashtra State Electricity Distribution Company Ltd. (MSEDCL), which has since been converted into a PSA. Adani Power has an existing installed thermal power capacity of 17,510 MW spread across eleven power plants in various states, in addition to a 40 MW solar power plant in Gujarat.
In the Quarterly Results of March 2025, the company reported a revenue of Rs 14,237.40 crore, reflecting a YoY growth of 6.54 per cent compared to Rs 13,363.69 crore in March 2024. The operating profit stood at Rs 4,812.63 crore, marking a decline of 0.77 per cent from Rs 4,849.74 crore in the same quarter last year. The profit after tax (PAT) declined by 3.66 per cent to Rs 2,636.97 crore from Rs 2,737.24 crore in March 2024.
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In FY24, the company posted a revenue of Rs 56,203.09 crore, registering an 11.62 per cent growth compared to Rs 50,351.25 crore in FY23. The net profit for the year stood at Rs 12,938.77 crore, down 37.88 per cent from Rs 20,828.79 crore in the previous financial year.
Adani Power Limited (APL), a part of the Adani portfolio, is the largest private thermal power producer in India. The company is primarily engaged in the business of power generation, encompassing the establishment, operation, and maintenance of thermal and solar power projects. APL sells the power generated through long-term Power Purchase Agreements (PPAs) with state electricity boards and industrial consumers, as well as through short-term contracts and in the merchant market. The company has an extensive installed capacity spread across eleven power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, 1 with a total of 17,510 MW of thermal power and an additional 40 MW solar power plant in Gujarat. Adani Power is committed to transforming India into a power-surplus nation by leveraging technology and innovation to provide quality and affordable electricity for all. On a YTD basis, the stock is up by 3.5 per cent while in the last 12 months it is down by 13.13 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.