Adani Power shares gained nearly 3% after the company signed a landmark 25-year power purchase agreement (PPA) with the Bihar government to supply 2,400 megawatts (MW) of electricity.
This long-term deal is set to significantly improve Bihar’s power availability, ensuring reliable electricity for households, industries, and businesses. The agreement also aligns with Bihar’s vision to strengthen infrastructure, attract fresh investments, and support its fast-growing economy.
Market experts believe the contract offers strong revenue visibility for Adani Power, while also reinforcing its strategic presence in eastern India’s power sector. Implementation of the project is expected to begin soon, boosting investor confidence in the company’s growth trajectory.
This development marks a major milestone for both Adani Power and the Bihar government, paving the way for long-term energy security and economic growth in the state.