Adani Power wins 1,234 MW thermal power supply LoA from UPCL, 25-year deal

Order above 5% of revenueGovernment or defence orderBusiness Updates View source PDF Explain this filing

ADANIPOWER · price

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Price reactionminutes from the announcement price · days from the prior close

+4.9%Reaction day

₹185.95

prior close

₹188.30

announcement price

In-mkt

timing

Nifty 100market-0.3%+5.3% vs market

Power peers, median of 37sector · industry level+0.4%+4.6% vs sector

On the reaction day the stock moved 5.3 pts more than Nifty 100 and 4.6 pts more than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

-0.0

15m

-0.4

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.9-0.3+5.3+0.4+4.6

Next day

+5.7+0.9+4.8-0.3+6.0

+5.3+1.5+3.8-0.8+6.1

+4.4+0.5+3.8-1.4+5.8

+0.6-0.0+0.6-3.8+4.4

-0.4-0.5+0.2-5.8+5.5

+0.3-0.6+0.9-7.6+7.9

15d

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UpDownMarket · Nifty 100Sector · Power peers, median of 37Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Adani Power received a Letter of Award from Uttarakhand Power Corporation Limited (UPCL), a state-owned entity, for 1,234 MW ex-bus net thermal power supply, equal to 1,320 MW installed capacity. The supply is covered by a 25-year Power Supply Agreement after Adani Power won UPCL's competitive tender. The award is subject to Uttarakhand Electricity Regulatory Commission approval for tariff adoption under Section 63 of the Electricity Act, 2003. UPCL is domestic, with no promoter group interest and not a related party transaction.

Likely market impact

Adds 1,320 MW capacity under a 25-year PSA, strengthening long-term revenue visibility. Award is pending Uttarakhand electricity regulator approval.