Adani Power wins a 25-year, 1,234 MW supply contract with Uttarakhand Power Corporation

What happened

• Adani Power received a letter of award on 13 October to supply 1,234 MW of thermal power for 25 years to Uttarakhand Power Corporation Limited, and told the exchanges on 14 October, according to Angel One and Sahi.
• Angel One said the contract is subject to approval from the Uttarakhand Electricity Regulatory Commission under Section 63 of the Electricity Act, 2003, and that the company's filing said it is not a related-party transaction. Angel One also said the filing did not disclose a tariff.
• Sahi reported that the Uttarakhand cabinet had approved the power procurement in August 2026.
• The shares closed at ₹195.15 on Kite data, up 4.94% from ₹185.96. Angel One had them at ₹192.46, up 3.50%, at 1:28 PM.

Why it matters

Good to know: A letter of award is the buyer's formal offer of the contract. A power purchase agreement is normally signed after it, and here the regulator's approval is still needed.

Key facts

Capacity

1,234 MW thermal

Term

25 years

Buyer

Uttarakhand Power Corporation Limited

Approval pending

Uttarakhand Electricity Regulatory Commission

Read the source

• Adani Power Share Price Surges Over 3%; Secures 25-Year Thermal Power Supply ContractAngel One
• Adani Power Secures 1,234 MW Thermal Power Supply Deal With Uttarakhand For 25 YearsSahi

Adani Power in the news before

1. 26 OCT 2026 · EVENING · RESULTSAdani Power's Q2 profit rises 142% to ₹7,019 crore; revenue up 44%