Adani Power shares gained over 2% in early trade on Monday after the company announced that it has received a Letter of Award (LoA) from MP Power Management Company Ltd. (MPPMCL) for developing a new 800 MW ultra-supercritical thermal power project in Anuppur district, Madhya Pradesh. As of 9:31 AM, the shares were trading 1.89% higher at Rs 612.00.
The upcoming project will be executed under the Design, Build, Finance, Own, and Operate (DBFOO) model. With a planned investment of around ₹10,500 crore, it stands among the largest recent power sector investments in the state. The plant is expected to play a pivotal role in meeting Madhya Pradesh’s growing electricity demand, which continues to rise due to rapid industrialization and urban growth.
Under the agreement, Adani Power will supply electricity to the state at a tariff of ₹5.838 per kWh. The company secured the bid in a highly competitive process, reinforcing its cost efficiency and strong execution capabilities.
The project is targeted to be commissioned within 54 months from the appointed date. Once operational, it is expected to significantly enhance the state’s power availability, ensuring steady supply for both industrial and household consumers.
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