Adani Power Lights Up Dalal Street: Shares Surge, New Projects Fuel Growth Frenzy

Adani Power reported a remarkable performance on the share market on June 10, 2025, with its stock rising over 6% to close at ₹601.65, its highest single-day rise in nearly seven months. The firm's market capitalization surpassed ₹2.11 lakh crore, becoming the third-largest in the Indian power sector in terms of market cap.

 

Key Highlights:

 

Post Share Rally & Market Cap Milestone:

Adani Power share gained as much as 8.29% intraday, ultimately closing 6.81% up at ₹601.65. The company's market capitalization is ₹2,11,206 crore.

 

High Volume Trades:

Over 3.28 million equity shares worth around ₹195 crore were traded on the BSE, and 22.66 million shares worth ₹1,347 crore were traded on the NSE, reflecting increased investor interest.

 

Causes of the Boom:

The rally follows the company's recent Letter of Award for a 25-year power purchase agreement by Uttar Pradesh Power Corporation Limited for the 25-year supply of 1,500 MW from a new 1,600 MW ultra-supercritical thermal power project in Uttar Pradesh. The project will be constructed on a design, build, finance, own, and operate (DBFOO) model.

 

Expansion Plans:

Adani Power aims to raise its capacity to 30.67 GW from 17.55 GW by FY30, with capacities in Korba, Raipur, and Mahan, as per India's robust power demand growth prospects.

 

Financial Performance: While consolidated net profit in Q4 declined 4% YoY to ₹2,637 crore, revenue increased 6.5% YoY to ₹14,237 crore. The firm clocked recurring EBITDA of ₹20,000 crore in FY25 underpinned by stable long-term PPAs and merchant power sales.

 

Sector-Wide Approach:

Other Adani Group stocks also increased, with Adani Green Energy, Adani Enterprises, and Adani Total Gas rising substantially, with overall optimism regarding the group.

 

Investor Sentiment:

Technicals are bullish, with the stock above all significant moving averages. The analysts have a "strong buy" rating, attributing the company's growth trend and diversified revenue base.

 

Announcements & Outlook: Adani Power's participation in the Adani Annual Conference 2025 in Mumbai also generated sentiment, as investors expected to hear strategic guidance and growth plans. The company plans a ₹13,307 crore capex for FY26, targeting expansions in multiple plants, signaling aggressive growth ahead. 

 

Source: Business Standard, Economic Times, Angel One, The Economic Times Markets