Adani Power Limited has informed the Exchange about Signing of Power Supply Agreement with Bihar State Power Generation Company Ltd.
ADANIPOWER · price
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Awaiting price reaction for this filing.
Adani Power has signed a Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd (BSPGCL), a state-owned power utility. The agreement covers the supply of electricity from one of Adani Power's plants to Bihar for a specified period. This type of long-term PSA typically helps the company secure offtake for its generation capacity and provides revenue visibility. However, the exact contracted capacity, tenure, and tariff details have not been disclosed in this filing. The agreement is a domestic arrangement and not an export-related deal.
Positive for revenue stability as it locks in a long-term offtake arrangement with a state utility, but the financial impact depends on the contracted volume and tariff, which were not disclosed.