Adani Power Limited has informed the Exchange about Receipt of Letter of Award for supply of additional power from a new 800 MW Thermal Power Project, under Greenshoe Option , whereby total awarded capacity increased to 1600 MW
ADANIPOWER · price
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Adani Power has received a Letter of Award for an additional 800 MW of power supply from a new thermal power project under the Greenshoe Option. With this addition, the total awarded capacity from this project has doubled to 1,600 MW. The Greenshoe Option typically allows the buyer to increase the original order size based on favourable terms or additional demand. This indicates strong offtake interest from the counterparty for Adani Power's thermal generation capacity.
This is a positive development as it doubles the previously awarded capacity, expanding Adani Power's order book and future revenue visibility. It signals strong demand for the company's thermal power and supports its growth pipeline.