For the proposed transmission line that will traverse 56 villages across the Godda and Poreyahat tehsils in Jharkhand’s Godda district, the Centre has granted Adani Power Limited (APL) the same powers as those held by the telegraph authority under the Indian Telegraph Act, 1885. These powers permit the authority to lay and maintain telegraph lines and posts under, over, along, or across any immovable property, the report added.
In a separate development, Adani Power Limited and Druk Green Power Corporation Limited Bhutan’s state-owned utility,have formed a joint venture for the establishment of a 570 MW hydroelectric project at Wangchhu in Bhutan. The public company will be called Wangchhu Hydroelectric Power Limited” in Bhutan, with a shareholding ratio of 49:51 respectively, to undertake the said Project.
“The object of incorporating the JVC inter alia is to carry on the business of generation, accumulation, distribution and supply of and to generally deal in electricity,” Adani Power said in a regulatory filing on October 16.
Last month, Morgan Stanley initiated coverage with an Overweight rating on the stock. The international brokerage described Adani Power as India’s largest private coal-based independent power producer (IPP) with 18.15 GW of operational capacity.
It expects the company to nearly 2.5x its portfolio to 41.9 GW by FY32, which would lift its market share in coal-based capacity from 8% in FY25 to 15% by FY32. Adani Power plans to spend about US$22 billion on under-construction capacity of 23.7 GW, with Morgan Stanley factoring in cost overruns that could push total capital expenditure to US$27 billion .
Q1 Performance Snapshot
Adani Power also reported its June quarter (Q1 FY26) results, with consolidated net profit falling 15.5% year-on-year (YoY) to Rs 3,305 crore from Rs 3,913 crore in the same quarter last year. Revenue from operations declined 5.9% YoY to Rs 14,167 crore, down from Rs 15,052 crore.
However, on a sequential basis, profit rose 27.1% from Q4 FY25, aided by a one-time income and steady EBITDA. Consolidated EBITDA from continuing operations stood at Rs 5,744 crore in Q1 FY26, down from Rs 6,290 crore a year ago.
At about 10:05 am, shares of the company were trading at Rs 163.56, higher 4% from the last close on the NSE. Adani Power shares have risen 30% in the last 1 month.
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