Adani Power to Develop 800 MW Thermal Power Plant in Madhya Pradesh for ₹10,500 Crore

Bhopal/Mumbai: Adani Power Ltd, India’s leading private thermal power producer, announced on Monday that it has secured a ₹10,500 crore contract to develop an 800 MW ultra-supercritical thermal power plant in Madhya Pradesh’s Anuppur district. 

The announcement triggered a positive response in the stock market, with shares of Adani Power rising over 2% in early trade. The stock opened at ₹606 on the National Stock Exchange (NSE) and climbed to an intraday high of ₹614.80 following the news.

The company received a Letter of Award (LoA) from MP Power Management Company Limited (MPPMCL) for the supply of power from the new thermal power plant. The project will be executed under the Design, Build, Finance, Own, and Operate (DBFOO) model, with coal to be sourced through the government’s SHAKTI policy, ensuring a stable fuel supply.

In a statement to the exchanges, Adani Power said:
“This is to inform that Adani Power Limited has received a Letter of Award (‘LoA’) from MP Power Management Company Limited (‘MPPMCL’) for the supply of power from a new 800 MW ultra-supercritical thermal power project to be set up in Anuppur District of Madhya Pradesh.”

The project is expected to be commissioned within 54 months from the appointed date, in line with standard timelines for large-scale thermal infrastructure development.

This project marks Adani Power’s fourth major power contract win in the past year, reflecting the company’s aggressive growth strategy in India’s thermal power sector. The plant will help Madhya Pradesh meet its rising electricity demand driven by industrialization and urban growth.

While India continues to expand its renewable energy capacity, coal-based thermal plants remain critical to ensuring round-the-clock power supply and grid stability. The use of ultra-supercritical technology will enhance fuel efficiency and reduce emissions compared to older coal-fired plants.