Adani Power Limited has informed the Exchange regarding 'Press Release'.
ADANIPOWER · price
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Awaiting price reaction for this filing.
Adani Power's subsidiary Moxie Power Generation Ltd. (MPGL) has received a Letter of Award from Tamil Nadu Power Distribution Corporation Limited (TNPDCL) to supply 558 MW of power for five years. Moxie Power emerged as the lowest bidder at Rs 5.910 per unit, with supply starting 1 April 2026. With this award, both 600 MW units of Moxie's 1,200 MW Tuticorin plant now have power supply agreements. Over 95% of Adani Power's total operating capacity of 18.15 GW is now secured under medium to long-term contracts, providing long-term revenue visibility and reducing exposure to short-term market volatility.
Positive for shareholders — this PPA secures long-term revenue for a major subsidiary plant, takes Adani Power's contracted capacity past 95%, and reduces reliance on volatile short-term power markets, supporting earnings stability.