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Adani Power Ltd. said Tuesday it will transfer the rights and obligations under a contract to supply 2,500 megawatts of round-the-clock renewable power to Maharashtra to a group company.
The power producer has agreed to transfer the Letter of Award, or LOA, it received from Maharashtra State Electricity Distribution Co. Ltd., or MSEDCL, to Powerpulse Trading Solutions Ltd., a wholly owned subsidiary of Adani Energy Solutions Ltd.
MSEDCL awarded the contract to Adani Power on April 2, 2026. The agreement calls for the supply of 2,500 MW of renewable power around the clock for 25 years from the scheduled start of supply.
The contract allows power to be sourced from a mix of generation assets, while requiring the supplier to meet minimum renewable-power obligations.
Adani Power said the transfer is part of its longer-term plan to invest in capacity across thermal power, nuclear power and hydroelectric projects overseas.
The company said it has obtained the necessary approvals and signed an agreement to transfer the LOA to Powerpulse Trading Solutions.
The move will allow Adani Power to concentrate on its core business of generating baseload power under long-term contracts, which typically provide more predictable revenue and profitability, the company said.
Adani Power moves ahead with GVK Energy acquisition
The development comes a day after Adani Power said it had received a Letter of Intent to acquire GVK Energy Ltd. after the company’s creditors approved its resolution plan.
GVK Energy owns a 330 MW hydroelectric power project in Uttarakhand through its subsidiary, Alaknanda Hydro Power Co. Ltd. The acquisition is being pursued through the corporate insolvency resolution process under India’s Insolvency and Bankruptcy Code.
The Competition Commission of India approved Adani Power’s proposed acquisition of 100% of GVK Energy’s share capital and control in May.
Adani Power shares closed at ₹208 on Tuesday, down 1.72%, or ₹3.51, from the previous close.
The power producer has agreed to transfer the Letter of Award, or LOA, it received from Maharashtra State Electricity Distribution Co. Ltd., or MSEDCL, to Powerpulse Trading Solutions Ltd., a wholly owned subsidiary of Adani Energy Solutions Ltd.
MSEDCL awarded the contract to Adani Power on April 2, 2026. The agreement calls for the supply of 2,500 MW of renewable power around the clock for 25 years from the scheduled start of supply.
The contract allows power to be sourced from a mix of generation assets, while requiring the supplier to meet minimum renewable-power obligations.
Adani Power said the transfer is part of its longer-term plan to invest in capacity across thermal power, nuclear power and hydroelectric projects overseas.
The company said it has obtained the necessary approvals and signed an agreement to transfer the LOA to Powerpulse Trading Solutions.
The move will allow Adani Power to concentrate on its core business of generating baseload power under long-term contracts, which typically provide more predictable revenue and profitability, the company said.
Adani Power moves ahead with GVK Energy acquisition
The development comes a day after Adani Power said it had received a Letter of Intent to acquire GVK Energy Ltd. after the company’s creditors approved its resolution plan.
GVK Energy owns a 330 MW hydroelectric power project in Uttarakhand through its subsidiary, Alaknanda Hydro Power Co. Ltd. The acquisition is being pursued through the corporate insolvency resolution process under India’s Insolvency and Bankruptcy Code.
The Competition Commission of India approved Adani Power’s proposed acquisition of 100% of GVK Energy’s share capital and control in May.
Adani Power shares closed at ₹208 on Tuesday, down 1.72%, or ₹3.51, from the previous close.
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