Adani Power Ltd. has officially inked a significant 25-year Power Supply Agreement (PSA) with the Uttarakhand Power Corporation Limited (UPCL). The agreement, announced on November 5, 2026, solidifies Adani Power's role in providing 1,234 MW of ex-bus net thermal power supply, corresponding to an installed capacity of 1,320 MW.
This long-term pact comes after Adani Power was declared the successful bidder in a competitive tender invited and issued by UPCL. The move is set to enhance power stability and supply for the state of Uttarakhand over the coming decades.
Agreement Details and Impact
The Power Supply Agreement ensures a consistent and substantial electricity supply, crucial for meeting Uttarakhand's growing energy demands. Thermal power generation remains a cornerstone of India's energy mix, and this agreement underscores its continued importance in regional power grids.
Adani Power's stock reacted positively to the news, ending the previous trading session 3.23% higher at Rs 201.40. The company's market capitalization stood at Rs 3.88 lakh crore. The stock has shown strong performance, gaining 57.46% from its 52-week low recorded earlier in the year.
Company's Strategic Expansion
This agreement is part of Adani Power's broader strategy to expand its presence in the Indian energy sector through long-term contracts and competitive bidding processes. Such PSAs provide revenue visibility and reinforce the company's position as a key power producer in the country.
The successful execution of this agreement highlights Adani Power's operational capabilities and its commitment to contributing to India's energy infrastructure development.