Adani Power, the energy giant of Adani Group, surged by more than 3% on BSE, after a large portion of shares changed hands. The performance is also fuelled by a new order win to supply additional power from a new 800 MW Ultra-supercritical thermal power project under “Greenshoe Option’, to be set up in Anuppur District of Madhya Pradesh.
Adani Power shares will be in focus ahead of its 1:5 stock split scheduled later this week.
Adani Power Share Price:
At the time of writing, Adani Power traded at Rs 641 apiece on BSE, up by 1.2% with market cap of Rs 2,47,229.79 crore. The stock touched its intraday high of Rs 653.45 and gained by 3.2% overall in the session. This is near its 52-week high of Rs 681.30 apiece.
Adani Power Block Deal:
In the opening bell, at least 470,788 shares exchanged hands at 09:15 am on BSE, as per the market data. The names of the buyers and sellers are not known immediately.
As per reports, shares worth Rs 2,270 crore exchanged hands in the block deal.
Adani Power New Deal Wins:
On September 11, in its regulatory filing, Adani Power announced that it has received one more Letter of Award (“LoA”) from MP Power Management Company Limited (“MPPMCL”) for supply of additional power from a new 800 MW Ultra-supercritical thermal power project under “Greenshoe Option”, to be set up in Anuppur District of Madhya Pradesh on Design, Build, Finance, Own, and Operate (DBFOO) model by sourcing fuel from the allocated coal linkage arranged by the Utility under the SHAKTI Policy.
Prior to this, the company bagged LoA for supply of 800 MW power from MPPMCL, whereby the total awarded capacity increased to 1600 MW.
Adani Power Stock Split:
This Adani company is going to split its shares for the first time ever. The ratio of stock split is 1:5 which means that 1 (one) equity share having face value of Rs. 10/- (Rupees Ten only) each fully paid-up, be sub-divided / split into 5 (five) equity shares having face value of Rs. 2/- (Rupees Two only) each fully paid-up.
The record date for the stock split is fixed on Monday, September 22, 2025 as the “Record Date” for the purpose of determining the eligibility of shareholders for sub-division.
BUY Adani Power Stock?
ICICI Securities recently raised its target on Adani Power.
In its research note, the brokerage said, “Weak power demand impacted the PLF of operational power plant and merchant prices in Q1FY26. Merchant realisation in Q1 declined to INR 6.5/kWh (vs. INR 7.6/kWh YoY). As a result, Adani Power (APL) reported Q1 with EBITDA and PAT at INR 57bn (-8%) and 33bn (-16%), respectively. Its dependence on merchant is currently at 22% which could decline in next few years. In Q1, it signed a PPA for 1.6GW at an attractive tariff, taking its total under construction (UC) capacity with PPA to ~5GW (out of 12.5GW). State discoms are in the process of floating PPAs.”
“As a result, we expect new tenders from state discoms to improve the outlook of the upcoming untied capacity. In Q1, it had also placed an additional 4.8GW turbine order, signalling its plans for new capacity addition beyond 31GW. Retain BUY with revised TP of INR 669 (earlier INR 610),” it added.
The consensus recommendation from 3 analysts for Adani Power Ltd. is STRONG BUY, as per Trendlyne.