# Adani Power (ADANIPOWER) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/adanipower

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹204.29
- Change: +0.14%
- As of: 2026-11-06
- 1D return: +0.14%
- 5D return: +8.09%
- 1M return: +8.66%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

As of the close on 5 November 2026, ADANIPOWER trades at ₹204.00, reflecting a strong daily trend supported by price positioning above all key moving averages and the Supertrend indicator. The monthly horizon shows a robust bullish structure with an ADX of 63.95, indicating high trend conviction, while the weekly setup remains mixed with price below the 20-period SMA and Supertrend despite being above longer-term EMAs. Daily momentum is developing (ADX 23.45), and the stock recently exhibited an extreme upward gap anomaly on 5 November (+1.1% return, z-score 6.67). Price sits near the upper end of its 20-day range (+92.5%) but in the upper-middle of its 252-day range (+60.2%). Immediate resistance lies at ₹204.38 (0.19% above) and ₹207.06 (1.50% above), with support clustered around ₹199.62–₹199.21. Annualized volatility stands at +42.0%, with a current drawdown of -18.0% from recent highs.

- Trend Structure: Daily and monthly trends are bullish with price above all major moving averages and Supertrend; weekly trend is neutral-to-bearish as price remains below the 20-period SMA and Supertrend.
- Momentum & Anomaly: Daily ADX is 23.45 (developing strength); an extreme upward gap anomaly occurred on 5 Nov 2026 with a z-score of 6.67 and +1.1% return.
- Key Levels: Resistance at ₹204.38 (0.19% above) and ₹207.06 (1.50% above); Support at ₹199.62 (2.15% below) and ₹199.21 (2.35% below).
- Risk Profile: High volatility (+42.0% annualized) and ATR of 3.15%; current drawdown is -18.0% from available high, with maximum historical drawdown at -26.9%.

- Bullish Engulfing Reversal
- Inside Bar

### News Context

Adani Power advanced its expansion strategy in early November 2026 through two major infrastructure developments. On November 4, the company awarded BHEL orders for four 2x800 MW projects, valued up to ₹28,000 crore excluding GST, covering boilers, turbines, and generators. This followed the November 5 announcement of a 25-year Power Supply Agreement with Uttarakhand Power Corporation Limited to supply 1,234 MW of thermal power from an installed capacity of 1,320 MW. These contracts underscore strong execution on capacity growth amid rising power demand that positioned Adani Power as India’s most valuable listed power company in 2026. The stock surged 60% from its January 2026 low to trade around ₹206. Brokerage views remain mixed: Globe Capital Markets projected 22-34% upside citing earnings drivers, while Jefferies revised its target down to ₹240 due to sector de-rating and payment delay risks. Elara Securities and JM Financial maintained positive outlooks based on expansion visibility.

- Capacity Expansion: Awarded BHEL orders worth up to ₹28,000 crore (ex-GST) for four 2x800 MW projects on Nov 4; signed 25-year PPA with Uttarakhand Power Corp for 1,234 MW on Nov 5.
- Market Performance: Stock gained 60% from Jan 2026 low to ~₹206, becoming India's most valuable listed power company in 2026.
- Analyst Views: Globe Capital targets 22-34% upside; Jefferies lowered target to ₹240 citing downside risks; Elara Securities and JM Financial remain positive.

- [Stocks to buy: Adani Power, Bajaj Finance, Coforge among Globe Capital's top Diwali picks](https://www.businesstoday.in/markets/stocks/story/stocks-to-buy-adani-power-bajaj-finance-coforge-among-globe-capitals-top-diwali-picks-565965-2026-11-05)
- [Adani Power shares gain 60% from 52-week low: What investors should know before entering the counter](https://www.businesstoday.in/markets/stocks/story/adani-power-shares-gain-60-from-52-week-low-what-investors-should-know-before-entering-the-counter-565807-2026-11-05)
- [Adani Power inks thermal power pact with Uttarakhand Power Corp, stock in focus](https://www.businesstoday.in/markets/stocks/story/adani-power-inks-thermal-power-pact-with-uttarakhand-power-corp-stock-in-focus-565790-2026-11-05)
- [Top stocks to watch today: Bharti Airtel, LIC, Nykaa, Torrent Power shares in focus on Thursday, 5 Nov | Full list](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-bharti-airtel-lic-nykaa-torrent-power-shares-in-focus-on-thursday-5-nov-full-list-11793843425775.html)
- [BHEL bags projects worth up to ₹28,000 cr from Adani Power](https://www.thehindubusinessline.com/companies/bhel-bags-projects-worth-up-to-28000-cr-from-adani-power/article71664671.ece)

### What Changed

On November 5, 2026, Globe Capital Markets identified Adani Power as a top Diwali pick, projecting a 22-34 per cent upside. The brokerage cites strong earnings growth drivers including capacity expansion and structural power infrastructure demand. This recommendation coincides with the stock trading at ₹204.0 on the NSE, up from ₹201.71 in the previous observation.

- Globe Capital Markets lists Adani Power among its top Diwali picks, projecting 22-34% upside based on capacity expansion and structural power demand.
- The stock closed at ₹204.0 on November 5, 2026, compared to ₹201.71 in the prior observation.
- Brokerage notes manageable risks including NIM compression and commodity volatility.

- [Stocks to buy: Adani Power, Bajaj Finance, Coforge among Globe Capital's top Diwali picks](https://www.businesstoday.in/markets/stocks/story/stocks-to-buy-adani-power-bajaj-finance-coforge-among-globe-capitals-top-diwali-picks-565965-2026-11-05)

### Official Filings

Adani Power Limited reported Consolidated Profit After Tax (PAT) of ₹7,019 crores for Q2 FY27, a 141.5% increase year-on-year, driven by strong operating performance and one-time prior period revenue of ₹2,422 crores from Gujarat PPA indexation revisions. Continuing revenue rose 29.82% to ₹17,014 crore, with continuing EBITDA up 18.53% to ₹7,019 crore. The company supplied 26.4 billion units, achieving a Plant Load Factor (PLF) of 70.1%. Strategically, Adani Power secured a 25-year Power Supply Agreement with Uttarakhand Power Corporation Limited for 1,234 MW ex-bus net thermal power and became the successful resolution applicant for GVK Energy Limited, entering hydro via the 330 MW Alaknanda plant. Additionally, it signed a shareholders' agreement for a 770 MW joint venture hydropower project in Bhutan and completed the amalgamation of 10 wholly owned subsidiaries.

- Q2 FY27 PAT surged 141.5% YoY to ₹7,019 crores, supported by ₹2,422 crores in one-time prior-period revenue recognition from Gujarat PPA indexation.
- Continuing revenue grew 29.82% to ₹17,014 crore and continuing EBITDA increased 18.53% to ₹7,019 crore on higher power sales volume of 26,385 MU.
- Long-term contract visibility expanded with a 25-year PSA for 1,234 MW net capacity in Uttarakhand and entry into hydro via GVK Energy acquisition.
- Credit rating upgraded to AA+, and operational milestones include grid synchronization of the first 660 MW unit at Korba Phase-II.

- [Adani Power Limited has informed the Exchange about Signing of Power Supply Agreement |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/ADANIPOWER_04112026191731_APLPSAwithUttarakhandDISCOM04112026.pdf)
- [Adani Power Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ADANIPOWER_30102026221154_APLearningscalltranscript30102026.pdf)
- [NAME(S)OF THE ACQUIRER AND ITS(PAC) : GQG Partners LLC](https://nsearchives.nseindia.com/corporate/Adani_10282026151900_53973.zip)
- [Adani Power Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ADANIPOWER_26102026201319_APLAudioLinkofInvestorConference26102026.pdf)
- [Adani Power Limited has informed the Exchange about Presentation |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ADANIPOWER_25102026170549_APLEarningsCallInvestorPresentation25102026.pdf)
- [Adani Power Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ADANIPOWER_24102026170811_APLUFRNewpaperPublication24102026.pdf)
- [Adani Power Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ADANIPOWER_23102026143517_APLoutcomeBM23102026final.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1744865_23102026062013_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1744868_23102026062034_WEB.xml)
- [Adani Power Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ADANIPOWER_19102026130319_APLEarningsCallInvite19102026.pdf)

### Fundamentals

Adani Power’s operating trajectory has shifted decisively toward higher volume and profitability in Q2 FY2026-27. Revenue from operations rose sequentially to ₹19,439 crore, a 44% year-on-year increase, while finance costs decreased to ₹760 crore. This combination drove Profit Before Tax up to ₹6,792 crore and Net Profit to ₹7,022 crore, resulting in an EPS of ₹3.59 per share. Earnings quality remains strong, with Cash from Operating Activity covering 103% of operating profit for the year ended Mar 2026.

However, the balance sheet is undergoing significant expansion. Capital Work in Progress (CWIP) surged to ₹45,539 crore as of Sep 2026, reflecting aggressive capacity addition. Consequently, total borrowings increased to ₹63,061 crore, and ROCE declined to 17% from 23% in Mar 2025. While promoter holding is stable at 74.96%, DII participation has risen to 4.47%. The key risk lies in the timing of CWIP capitalization; until these assets generate revenue, leverage and interest burdens remain elevated relative to current earnings.

- Q2 FY2026-27 Revenue grew 44% YoY to ₹19,439 crore, with Net Profit jumping to ₹7,022 crore and EPS rising to ₹3.59.
- CWIP expanded sharply to ₹45,539 crore by Sep 2026, driving total borrowings up to ₹63,061 crore and compressing ROCE to 17%.
- Operating cash flow conversion improved to 103% of operating profit in FY2026, indicating robust earnings quality despite high leverage.
- Next checkpoint: Monitor the pace of CWIP-to-fixed-asset transfer and its impact on depreciation and future ROCE recovery.

### Bull Case

Adani Power presents a constructive case anchored by significant long-term revenue visibility and strategic expansion, despite mixed near-term technical signals. The company secured a 25-year Power Supply Agreement with Uttarakhand Power Corporation Limited to supply 1,234 MW of thermal power, backed by an installed capacity of 1,320 MW. This contract provides multi-decade cash flow certainty in a sector facing structural demand growth. Additionally, Adani Power awarded BHEL orders for four 2x800 MW projects, valued between ₹5,000 crore and ₹7,000 crore each, signaling active capacity augmentation as India’s largest private thermal producer. Brokerage sentiment reflects this fundamental strength; Globe Capital identified the stock as a top Diwali pick with projected upside of 22-34%, citing strong earnings drivers. Technically, the stock has surged 60% from its January 2026 low to trade around ₹206, maintaining a bullish monthly super-trend direction. However, investors should monitor the weekly bearish super-trend and resistance levels near ₹207.06, alongside risks such as payment delays and sector de-rating noted by some analysts.

- Long-term revenue visibility: Signed a 25-year agreement with Uttarakhand Power Corp to supply 1,234 MW of thermal power, ensuring sustained demand.
- Capacity expansion: Awarded BHEL orders for four 2x800 MW projects (₹5,000–7,000 crore each), reinforcing its position as India's largest private thermal producer.
- Bullish momentum: Stock rose 60% from Jan 2026 lows to ~₹206, with a bullish monthly super-trend and +93.7% return since start of period.
- Analyst upside: Globe Capital projects 22-34% upside, citing capacity expansion and structural power demand, though Jefferies cites downside risks like payment delays.

- [Stocks to buy: Adani Power, Bajaj Finance, Coforge among Globe Capital's top Diwali picks](https://www.businesstoday.in/markets/stocks/story/stocks-to-buy-adani-power-bajaj-finance-coforge-among-globe-capitals-top-diwali-picks-565965-2026-11-05)
- [Adani Power shares gain 60% from 52-week low: What investors should know before entering the counter](https://www.businesstoday.in/markets/stocks/story/adani-power-shares-gain-60-from-52-week-low-what-investors-should-know-before-entering-the-counter-565807-2026-11-05)
- [Adani Power inks thermal power pact with Uttarakhand Power Corp, stock in focus](https://www.businesstoday.in/markets/stocks/story/adani-power-inks-thermal-power-pact-with-uttarakhand-power-corp-stock-in-focus-565790-2026-11-05)
- [Top stocks to watch today: Bharti Airtel, LIC, Nykaa, Torrent Power shares in focus on Thursday, 5 Nov | Full list](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-bharti-airtel-lic-nykaa-torrent-power-shares-in-focus-on-thursday-5-nov-full-list-11793843425775.html)
- [BHEL bags projects worth up to ₹28,000 cr from Adani Power](https://www.thehindubusinessline.com/companies/bhel-bags-projects-worth-up-to-28000-cr-from-adani-power/article71664671.ece)
- [Adani Power Limited has informed the Exchange about Signing of Power Supply Agreement |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/ADANIPOWER_04112026191731_APLPSAwithUttarakhandDISCOM04112026.pdf)
- [Adani Power Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ADANIPOWER_30102026221154_APLearningscalltranscript30102026.pdf)
- [NAME(S)OF THE ACQUIRER AND ITS(PAC) : GQG Partners LLC](https://nsearchives.nseindia.com/corporate/Adani_10282026151900_53973.zip)
- [Adani Power Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ADANIPOWER_26102026201319_APLAudioLinkofInvestorConference26102026.pdf)
- [Adani Power Limited has informed the Exchange about Presentation |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ADANIPOWER_25102026170549_APLEarningsCallInvestorPresentation25102026.pdf)

### Bear Case

Adani Power faces near-term technical deterioration and valuation headwinds despite recent operational gains. The stock has retreated from its peak, recording a -18.0% current drawdown and a maximum drawdown of -26.9%, with weekly trends turning bearish as indicated by the Supertrend signal. Price action remains constrained by immediate resistance at ₹204.38, just 0.19% above the closing price of ₹204.00 on November 5, 2026, suggesting limited upside momentum in the short term. Furthermore, brokerages highlight sector de-rating risks; Jefferies revised its target down to ₹240, citing payment delays and downside risks, while noting potential NIM compression and commodity volatility. These factors contrast with the company's strong earnings visibility and new capacity additions, creating a mixed environment where investors must weigh operational expansion against margin pressures and technical weakness.

- Technical weakness: Current drawdown stands at -18.0% with a maximum drawdown of -26.9%; weekly Supertrend is bearish.
- Resistance proximity: Immediate resistance at ₹204.38 (0.19% above Nov 5 close) limits near-term upside.
- Valuation risk: Jefferies revised target down to ₹240, citing sector de-rating and payment delay risks.
- Margin pressure: Brokerages flag manageable risks including NIM compression and commodity volatility.

- [Stocks to buy: Adani Power, Bajaj Finance, Coforge among Globe Capital's top Diwali picks](https://www.businesstoday.in/markets/stocks/story/stocks-to-buy-adani-power-bajaj-finance-coforge-among-globe-capitals-top-diwali-picks-565965-2026-11-05)
- [Adani Power shares gain 60% from 52-week low: What investors should know before entering the counter](https://www.businesstoday.in/markets/stocks/story/adani-power-shares-gain-60-from-52-week-low-what-investors-should-know-before-entering-the-counter-565807-2026-11-05)
- [Adani Power inks thermal power pact with Uttarakhand Power Corp, stock in focus](https://www.businesstoday.in/markets/stocks/story/adani-power-inks-thermal-power-pact-with-uttarakhand-power-corp-stock-in-focus-565790-2026-11-05)
- [Top stocks to watch today: Bharti Airtel, LIC, Nykaa, Torrent Power shares in focus on Thursday, 5 Nov | Full list](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-bharti-airtel-lic-nykaa-torrent-power-shares-in-focus-on-thursday-5-nov-full-list-11793843425775.html)
- [BHEL bags projects worth up to ₹28,000 cr from Adani Power](https://www.thehindubusinessline.com/companies/bhel-bags-projects-worth-up-to-28000-cr-from-adani-power/article71664671.ece)
- [Adani Power Limited has informed the Exchange about Signing of Power Supply Agreement |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/ADANIPOWER_04112026191731_APLPSAwithUttarakhandDISCOM04112026.pdf)
- [Adani Power Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ADANIPOWER_30102026221154_APLearningscalltranscript30102026.pdf)
- [NAME(S)OF THE ACQUIRER AND ITS(PAC) : GQG Partners LLC](https://nsearchives.nseindia.com/corporate/Adani_10282026151900_53973.zip)
- [Adani Power Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ADANIPOWER_26102026201319_APLAudioLinkofInvestorConference26102026.pdf)
- [Adani Power Limited has informed the Exchange about Presentation |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ADANIPOWER_25102026170549_APLEarningsCallInvestorPresentation25102026.pdf)

### FAQs

**What were Adani Power's key financial results for Q2 FY27?**

For Q2 FY27, Adani Power reported a Consolidated Profit After Tax (PAT) of ₹7,019 crore, a 141.5% increase year-on-year. This was driven by continuing revenue of ₹17,014 crore (+29.82%) and continuing EBITDA of ₹7,019 crore (+18.53%). The PAT figure includes a one-time prior-period revenue recognition of ₹2,422 crore from Gujarat PPA indexation revisions.

**What major strategic expansions has Adani Power announced recently?**

Adani Power has secured several key growth initiatives: a 25-year Power Supply Agreement with Uttarakhand Power Corporation Limited to supply 1,234 MW of thermal power; selection as the successful resolution applicant for GVK Energy Limited to enter hydro via its 330 MW Alaknanda plant; and a shareholders' agreement for a 770 MW joint venture hydropower project in Bhutan. Additionally, BHEL received orders worth up to ₹28,000 crore for four 2x800 MW projects from Adani Power.

**How is Adani Power's stock performing technically and what are the key price levels?**

As of November 5, 2026, the stock closed at ₹204.00, having gained 60% from its January 2026 low. It is trading near resistance at ₹204.38 and ₹207.06, with support at ₹199.62 and ₹199.21. The stock has returned +37.1% year-to-date but faces a current drawdown of -18.0%. Monthly trends show bullish momentum, while weekly indicators suggest some short-term consolidation.

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- [Adani Power shares gain 60% from 52-week low: What investors should know before entering the counter](https://www.businesstoday.in/markets/stocks/story/adani-power-shares-gain-60-from-52-week-low-what-investors-should-know-before-entering-the-counter-565807-2026-11-05)
- [Adani Power inks thermal power pact with Uttarakhand Power Corp, stock in focus](https://www.businesstoday.in/markets/stocks/story/adani-power-inks-thermal-power-pact-with-uttarakhand-power-corp-stock-in-focus-565790-2026-11-05)
- [Top stocks to watch today: Bharti Airtel, LIC, Nykaa, Torrent Power shares in focus on Thursday, 5 Nov | Full list](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-bharti-airtel-lic-nykaa-torrent-power-shares-in-focus-on-thursday-5-nov-full-list-11793843425775.html)
- [BHEL bags projects worth up to ₹28,000 cr from Adani Power](https://www.thehindubusinessline.com/companies/bhel-bags-projects-worth-up-to-28000-cr-from-adani-power/article71664671.ece)
- [Adani Power Limited has informed the Exchange about Signing of Power Supply Agreement |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/ADANIPOWER_04112026191731_APLPSAwithUttarakhandDISCOM04112026.pdf)
- [Adani Power Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ADANIPOWER_30102026221154_APLearningscalltranscript30102026.pdf)
- [NAME(S)OF THE ACQUIRER AND ITS(PAC) : GQG Partners LLC](https://nsearchives.nseindia.com/corporate/Adani_10282026151900_53973.zip)
- [Adani Power Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ADANIPOWER_26102026201319_APLAudioLinkofInvestorConference26102026.pdf)
- [Adani Power Limited has informed the Exchange about Presentation |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ADANIPOWER_25102026170549_APLEarningsCallInvestorPresentation25102026.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹204.44
- Risk regime: Price Risk Requires Attention

### Support levels
- 199.615
- 198
- 192.45

### Resistance levels
- 210.55
- 222.5
- 228.5725

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.14% |
| return_10 | +12.22% |
| return_1m | +0.93% |
| return_1y | +33.37% |
| return_20 | +8.66% |
| return_3m | -1.84% |
| return_5 | +8.09% |
| return_6m | -10.84% |
| return_since_start | +93.95% |
| return_ytd | +37.33% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -26.87% |
| annualized_volatility | +41.96% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Adani Power Limited FY2026-27 Q2: Revenue rises 44% year on year

Adani Power reported consolidated revenue from operations of ₹19,439 crore for the quarter ended 30 September 2026, up 2.8% QoQ and 44.5% YoY. Profit before tax increased 7.8% QoQ to ₹6,792 crore, while profit for the period rose 44.2% QoQ to ₹7,019 crore, supported by a ₹231 crore tax credit.

## Revenue and profitability

Revenue from operations increased for a second consecutive quarter, from ₹12,451 crore in FY2026-27 Q3 to ₹14,223 crore in Q4, ₹18,902 crore in Q1 and ₹19,439 crore in Q2. Total expenses rose 1.1% QoQ to ₹13,159 crore. Profit before exceptional items and tax reached ₹6,792 crore, up from ₹6,300 crore in Q1 and ₹2,945 crore in Q3. It was 71.2% higher than the ₹3,966 crore reported in the corresponding quarter a year earlier.

Earnings per share was ₹3.59, compared with ₹2.49 in Q1 and ₹1.53 in the year-ago quarter. Profit attributable to owners of the parent was ₹6,919 crore; non-controlling interests accounted for ₹100 crore.

## Tax and net profit

The tax expense shifted from ₹1,552 crore in Q1 to a credit of ₹231 crore in Q2. Current tax was ₹229 crore, down from ₹1,476 crore, while deferred tax was a credit of ₹459 crore, compared with an expense of ₹75 crore. Profit for the period from continuing operations was ₹7,022 crore, above pre-tax profit; profit for the period was ₹7,019 crore after the ₹3 crore loss from associates and joint ventures. Net profit rose 44.2% QoQ and 141.5% YoY, outpacing the increase in pre-tax profit.

## Finance costs and balance sheet

Finance costs declined 15.7% QoQ to ₹760 crore from ₹901 crore in Q1. At 30 September 2026, cash and cash equivalents stood at ₹3,897 crore, up from ₹928 crore at 31 March 2026. Other bank balances were ₹6,768 crore and current investments were ₹5,236 crore, compared with ₹1,491 crore at 31 March.

Trade receivables increased to ₹13,214 crore from ₹11,791 crore at 31 March 2026 and ₹9,438 crore at 30 September 2025. Inventories rose to ₹3,997 crore from ₹3,623 crore at 31 March. Current borrowings were ₹14,550 crore and non-current borrowings ₹47,310 crore, up from ₹10,726 crore and ₹42,830 crore, respectively, at 31 March. Property, plant and equipment was ₹68,227 crore, compared with ₹69,076 crore at the March year-end.

## Key Takeaway

Revenue and pre-tax profit advanced sequentially, with expenses growing more slowly than revenue and finance costs lower than in Q1. The larger increase in reported profit also reflects the swing to a tax credit. Higher receivables and borrowings, alongside increased cash and investment balances, are notable movements in the quarter-end balance sheet.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +74.96%
- FII holding: +11.03%
- DII holding: +4.47%
- Mutual fund holding: +4.31%
- Retail holding: +4.57%
- Promoter pledged: +0.00%

### Major reported shareholders

- GAUTAMBHAI SHANTILAL ADANI & RAJESHBHAI SHANTILAL ADANI (ON BEHALF OF S. B. ADANI FAMILY TRUST) — +36.86% (Trusts)
- FLOURISHING TRADE AND INVESTMENT LTD — +11.46% (Bodies Corporate)
- ADANI TRADELINE PRIVATE LIMITED — +10.34% (Bodies Corporate)
- EMERGING MARKET INVESTMENT DMCC — +6.74% (Bodies Corporate)
- WORLDWIDE EMERGING MARKET HOLDING LIMITED — +3.79% (Bodies Corporate)
- OPAL INVESTMENT PVT LTD — +3.52%
- ARDOUR INVESTMENT HOLDING LTD — +3.03% (Bodies Corporate)
- GOLDMAN SACHS TRUST II - GOLDMAN SACHS GQG PARTNER — +2.90%
- FORTITUDE TRADE AND INVESTMENT LTD — +1.71% (Bodies Corporate)
- SBI ARBITRAGE FUND — +1.62%

## Official filings

- 2026-11-04 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANIPOWER_04112026191731_APLPSAwithUttarakhandDISCOM04112026.pdf)
- 2026-10-30 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANIPOWER_30102026221154_APLearningscalltranscript30102026.pdf)
- 2026-10-28 — Regulatory Filing: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Adani_10282026151900_53973.zip)
- 2026-10-26 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANIPOWER_26102026201319_APLAudioLinkofInvestorConference26102026.pdf)
- 2026-10-25 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANIPOWER_25102026170549_APLEarningsCallInvestorPresentation25102026.pdf)
- 2026-10-24 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANIPOWER_24102026170811_APLUFRNewpaperPublication24102026.pdf)
- 2026-10-23 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANIPOWER_23102026143517_APLoutcomeBM23102026final.pdf)
- 2026-10-23 — Financial Results Filing: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1744865_23102026062013_WEB.xml)
- 2026-10-23 — Financial Results Filing: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1744868_23102026062034_WEB.xml)
- 2026-10-19 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANIPOWER_19102026130319_APLEarningsCallInvite19102026.pdf)
- 2026-10-14 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANIPOWER_14102026105706_APLLoAfromUttarakhand13102026.pdf)
- 2026-10-09 — Shareholding Disclosure: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1734827_09102026030625_WEB.xml)
- 2026-10-07 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANIPOWER_07102026175819_APLinteractionwithInvestors07102026.pdf)
- 2026-10-06 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANIPOWER_06102026065235_APLSigningofSHAtosetup770MWChamkharchhuHEPinBhutan05102026.pdf)
- 2026-10-06 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANIPOWER_06102026121219_APLreg74_5_30092026.pdf)
- 2026-09-28 — Board Meeting Notice: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANIPOWER_28092026170356_APLQ2BMIntimation30092026.pdf)
- 2026-09-28 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANIPOWER_28092026173117_APLQ2BMIntimation30092026.pdf)
- 2026-09-28 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANIPOWER_28092026172930_APLQ2BMIntimation30092026.pdf)
- 2026-09-28 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2901_WebXMLFile_20260928_175151351.xml)
- 2026-09-28 — Board Meeting Notice: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2901_WebXMLFile_20260928_175151351.xml)
- 2026-09-28 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_2901_WebXMLFile_20260928_175643406.xml)
- 2026-09-28 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANIPOWER_29092026020436_APLDisclosureofSettlementOrderdated29092026.pdf)
- 2026-09-25 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANIPOWER_25092026135512_APLNCLTorderMumbai24092026.pdf)
- 2026-09-25 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANIPOWER_25092026192110_APLSchemebecomingeffective10WOS25092026.pdf)
- 2026-09-18 — Generic Announcement: Adani Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANIPOWER_18092026235910_APLclarificationonmediaarticle18092026.pdf)

## News and market events

- 2026-11-07 — Economic Times: **Diwali Muhurat Trading 2026: Samco Securities picks 12 stocks and ETFs for investors; BSE, Adani Power among top bets** — Samco Securities has unveiled a basket of 12 investment picks for the Diwali Muhurat Trading session on November 8, 2026, comprising 10 Indian stocks and two US-listed ETFs. The recommendations span sectors including power, IT services, aerospace, and commodities, with specific technical entry levels, stop-losses, and target prices provided for each asset. The international ETF selections are intended to offer exposure to energy and healthcare while hedging against risks such as rising crude oil prices and a weakening rupee. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/diwali-muhurat-trading-2026-samco-securities-picks-12-stocks-and-etfs-for-investors-bse-adani-power-among-top-bets/articleshow/135627545.cms)
- 2026-11-07 — Mint: **Muhurat Trading 2026 Diwali stocks to buy for upto 109% upside: BSE, Adani Power, HFCL, TechM - SAMCO's 10 shares | List** — Samco Wealth has recommended 10 stocks across sectors such as power, IT, and defense for Muhurat Trading on November 7, emphasizing diversification following a volatile market year. The brokerage highlighted companies including Azad Engineering, Adani Power, HFCL, Tech Mahindra, and BSE, citing strong quarterly earnings growth and order book visibility as key drivers for the new Samvat. — [Source](https://www.livemint.com/market/stock-market-news/muhurat-trading-2026-diwali-stocks-to-buy-for-upto-109-upside-bse-adani-power-hfcl-techm-samcos-10-shares-list-11794024034171.html)
- 2026-11-06 — Economic Times: **Quant Small Cap Fund adds Jio Platforms and 4 others; increases stake in Adani Power, 5 more** — Quant Small Cap Fund added Jio Platforms, Primo Chemicals, and three other stocks to its portfolio in October while increasing exposure to Adani Power and LIC Housing Finance. The fund exited five holdings including Delhivery and Jubilant Pharmova, reduced positions in Bandhan Bank and others, and maintained holdings in nearly 90 stocks. Managed by a team of seven investment professionals, the fund reported an AUM of Rs 30,809.27 crore in October, down from Rs 35,572 crore in September. — [Source](https://economictimes.indiatimes.com/mf/analysis/quant-small-cap-fund-adds-jio-platforms-and-4-others-increases-stake-in-adani-power-5-more/articleshow/135603855.cms)
- 2026-11-05 — BUSINESSTODAY: **Stocks to buy: Adani Power, Bajaj Finance, Coforge among Globe Capital's top Diwali picks** — Globe Capital Markets has identified Adani Power, Bajaj Finance, Coforge, Siemens Energy India, Hindalco Industries, and Polycab India as top Diwali picks, projecting 22-34 per cent upside for the six stocks. The brokerage cites strong earnings growth drivers such as capacity expansion, AI-led productivity, and structural power infrastructure demand, while noting manageable risks like NIM compression and commodity volatility. — [Source](https://www.businesstoday.in/markets/stocks/story/stocks-to-buy-adani-power-bajaj-finance-coforge-among-globe-capitals-top-diwali-picks-565965-2026-11-05)
- 2026-11-05 — BUSINESSTODAY: **Adani Power shares gain 60% from 52-week low: What investors should know before entering the counter** — Adani Power shares have surged 60% from their January 2026 low to trade around Rs 206, driven by strong earnings growth and rising power demand that made it India’s most valuable listed power company in 2026. Brokerages hold mixed views, with Jefferies revising its target down to Rs 240 citing sector de-rating and downside risks like payment delays, while Elara Securities and JM Financial maintain positive outlooks based on the company's expansion plans and earnings visibility. — [Source](https://www.businesstoday.in/markets/stocks/story/adani-power-shares-gain-60-from-52-week-low-what-investors-should-know-before-entering-the-counter-565807-2026-11-05)
- 2026-11-05 — BUSINESSTODAY: **Adani Power inks thermal power pact with Uttarakhand Power Corp, stock in focus** — Adani Power has signed a 25-year Power Supply Agreement with Uttarakhand Power Corporation Limited to supply 1,234 MW of thermal power, following its selection as the successful bidder. The announcement contributed to the stock trading in focus, having previously closed 3.23% higher at Rs 201.40. — [Source](https://www.businesstoday.in/markets/stocks/story/adani-power-inks-thermal-power-pact-with-uttarakhand-power-corp-stock-in-focus-565790-2026-11-05)
- 2026-11-05 — BUSINESSTODAY: **GIFT Nifty up 313 pts; Adani Power, BSE, Lenskart, Nykaa, Auro Pharma among stop stocks in focus** — Adani Power has entered into a 25-year Power Supply Agreement with Uttarakhand Power Corporation Limited to supply 1,234 MW of thermal power. The agreement is backed by an installed capacity of 1,320 MW, securing a long-term revenue stream for the utility provider. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/gift-nifty-up-313-pts-adani-power-bse-lenskart-nykaa-auro-pharma-among-stop-stocks-in-focus-565785-2026-11-05)
- 2026-11-05 — Mint: **Top stocks to watch today: Bharti Airtel, LIC, Nykaa, Torrent Power shares in focus on Thursday, 5 Nov | Full list** — Adani Power has entered into a 25-year Power Supply Agreement with Uttarakhand Power Corporation Limited to supply 1,234 MW of ex-bus net thermal power, backed by an installed generation capacity of 1,320 MW. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-bharti-airtel-lic-nykaa-torrent-power-shares-in-focus-on-thursday-5-nov-full-list-11793843425775.html)
- 2026-11-04 — The Hindu: **BHEL bags projects worth up to ₹28,000 cr from Adani Power** — State-owned BHEL has received orders for four 2x800 MW projects from Adani Power, with each project valued between ₹5,000 crore and ₹7,000 crore excluding GST. The agreements involve the supply of equipment such as boilers, turbines, and generators, along with agreed services. This development is significant given Adani Power's status as India's largest private thermal power producer. — [Source](https://www.thehindubusinessline.com/companies/bhel-bags-projects-worth-up-to-28000-cr-from-adani-power/article71664671.ece)
- 2026-11-04 — Mint: **Muhurat Trading Picks: Tata Steel, Coal India to BEL - HDFC Sec recommends these 10 stocks to buy on Diwali | Full list** — HDFC Securities has recommended 10 stocks across sectors including cement, power, defence, and infrastructure for investors to buy during the Muhurat trading session on November 8, with a hold period until the next Diwali. The brokerage cited strong growth prospects, operational improvements, and favorable industry trends as the rationale for selecting companies such as Ambuja Cement, Adani Power, Coal India, Bharat Electronics, Maruti Suzuki, Can Fin Homes, KPR Mill, Tata Steel, Emcure Pharmaceuticals, and Larsen & Toubro. — [Source](https://www.livemint.com/market/stock-market-news/muhurat-trading-picks-tata-steel-coal-india-to-bel-hdfc-sec-recommends-these-10-stocks-to-buy-on-diwali-full-list-11793775411307.html)
- 2026-11-04 — MONEYCONTROL: **BHEL shares rise 6% after getting four orders from Adani Power** — BHEL shares rose 6% after the company secured four orders from Adani Power. The price movement reflects market reaction to the new business contracts awarded to the engineering firm. — [Source](https://www.moneycontrol.com/news/business/markets/bhel-shares-rise-6-after-getting-four-orders-from-adani-power-14069053.html)
- 2026-11-04 — FREEPRESSJOURNAL.IN: **BHEL Bags Adani Power Orders Worth Up To ₹28,000 Crore, Four Mega Projects To Add 6,400 MW Capacity** — Bharat Heavy Electricals Limited (BHEL) has secured four major contracts from Adani Power Limited, with a combined estimated value between ₹20,000 crore and ₹28,000 crore excluding GST. These agreements cover the supply of critical thermal power equipment and services for four projects that will add a total of 6,400 MW of generation capacity. BHEL disclosed the development in a regulatory filing on November 4, 2026, noting that the orders strengthen its order book while confirming no related-party interests exist. — [Source](https://www.freepressjournal.in/business/bhel-bags-adani-power-orders-worth-up-to-28000-crore-four-mega-projects-to-add-6400-mw-capacity)
- 2026-11-04 — CNBC-TV18: **BHEL shares jump nearly 6% on bagging multiple orders worth nearly ₹28,000 crore from Adani Power** — Bharat Heavy Electricals Ltd shares rose nearly 6% after the company secured orders worth up to ₹28,000 crore from Adani Power for four 2x800 MW projects. This development follows BHEL's strong second-quarter performance, which saw profit after tax surge 120% and prompted IIFL Institutional Equities to raise its earnings estimates by 20% to 25%. — [Source](https://www.cnbctv18.com/market/bhel-share-price-jump-adani-power-order-win-multiple-projects-up-to-28000-crore-fy27-outlook-20026684.htm)
- 2026-11-03 — The Hindu: **Brokerages favour domestic growth, capex-led stocks in Samvat 2083** — HDFC Securities and Kotak NEO have identified infrastructure, defence, manufacturing, consumer, and technology sectors as key growth drivers for Samvat 2083, citing domestic demand and capital expenditure amid global economic uncertainty. Both brokerages highlight strong order visibility and capacity expansion in companies such as Larsen & Toubro, Bharat Electronics, and Titan, with Kotak projecting Nifty-50 earnings growth of 18 per cent in FY27 and 13 per cent in FY28. — [Source](https://www.thehindubusinessline.com/markets/brokerages-favour-domestic-growth-capex-led-stocks-in-samvat-2083/article71661180.ece)
- 2026-11-03 — BUSINESSTODAY: **Adani Power, BEL, Tata Steel shares among HDFC Securities' top 10 Diwali ideas; targets** — HDFC Securities has released its top 10 stock picks for Samvat 2083, featuring Adani Power, Bharat Electronics Ltd (BEL), and Tata Steel alongside companies from the cement, energy, automobile, financial services, textile, metals, pharmaceutical, and infrastructure sectors. The brokerage set target prices for these equities with an investment horizon extending until the next Diwali, citing specific growth drivers such as capacity expansion, strong order books, and rising domestic demand across various industries. — [Source](https://www.businesstoday.in/markets/stocks/story/adani-power-bel-tata-steel-shares-among-hdfc-securities-top-10-diwali-ideas-targets-565404-2026-11-03)
- 2026-11-03 — BUSINESSTODAY: **Diwali picks: Adani Power, ICICI Bank, M&M CG Power among top stocks to buy; check details** — Bajaj Broking identifies near-term volatility in Indian equities due to geopolitical tensions and rising bond yields, but remains constructive on the domestic growth outlook supported by resilient Q2FY27 earnings. The firm has issued specific technical buy recommendations for ICICI Bank, Adani Power, and Lloyds Engineering Works, citing positive momentum and breakout signals. Additionally, Bajaj Broking highlighted fundamental picks across various sectors, including Mahindra & Mahindra and CG Power, projecting approximately 15% upside for these counters. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/diwali-picks-adani-power-icici-bank-mm-cg-power-among-top-stocks-to-buy-check-details-565326-2026-11-03)
- 2026-10-29 — BUSINESSTODAY: **Adani Enterprises, Adani Ports, Adani Green, Adani Power: Why Adani stocks are rising today** — Adani Enterprises and Adani Ports announced their Q2 earnings, which brokerages described as better than street estimates. Following the results, several brokerages retained or upgraded their ratings and raised target prices for both companies. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/adani-enterprises-adani-ports-adani-green-adani-power-why-adani-stocks-are-rising-today-564525-2026-10-29)
- 2026-10-29 — Economic Times: **Adani group stocks jump up to 3%, add Rs 23,000 crore to total m-cap. What’s behind the surge?** — Adani Group stocks rose on Thursday, adding Rs 23,000 crore to their combined market capitalisation, as Q2 results and bullish brokerage calls lifted sentiment. Adani Power reported a 134% jump in net profit, while Jefferies raised its target price for Adani Ports and sees significant upside in Adani Enterprises. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/adani-group-stocks-jump-up-to-3-add-rs-23000-crore-to-total-m-cap-whats-behind-the-surge/articleshow/135293658.cms)
- 2026-10-29 — Mint: **Best Adani stock to buy after Q2 results 2026? Adani Power vs Adani Ports vs Adani Enterprises — Experts' views, targets** — Best Adani stock to buy after Q2 results 2026: Brokerages recommend Adani Enterprises, Adani Ports, Adani Energy Solutions, and Adani Power as top picks — [Source](https://www.livemint.com/market/stock-market-news/best-adani-stock-to-buy-after-q2-results-2026-adani-power-vs-adani-ports-vs-adani-enterprises-experts-views-targets-11793248073122.html)
- 2026-10-28 — Mint: **Big Adani stocks Q2 comparison: Adani Ports vs Adani Power vs Adani Green Energy shares; Who delivered beyond estimates?** — Adani Power and Adani Green beat second-quarter FY27 estimates, while Adani Ports reported results broadly in line. Ports offered the strongest outlook, raising its FY27 EBITDA target to ₹26,000–27,000 crore, supported by rising cargo volumes and a healthy debt ratio. — [Source](https://www.livemint.com/market/stock-market-news/big-adani-stocks-q2-comparison-adani-ports-vs-adani-power-vs-adani-green-energy-shares-who-delivered-beyond-estimates-11793206502960.html)
- 2026-10-27 — MONEYCONTROL: **Buy Adani Power; target of Rs 259: Prabhudas Lilladher** — Buy Adani Power; target of Rs 259: Prabhudas Lilladher Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Allotment Jio IPO Listing Date Israel Elections 2026 live Microsoft Buyout news Gyanesh Kumar Benjamin Netanyahu Noel Tata Ather Share Price Anthropic IPO News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up t — [Source](https://www.moneycontrol.com/news/business/earnings/buy-adani-power-target-of-rs-259-prabhudas-lilladher-2-14061104.html)
- 2026-10-27 — BUSINESSTODAY: **Adani Power shares: Brokerages see up to 38% upside potential; check targets** — Shares of Adani Power could see an upside of up to 38 per cent, according to select brokerages' estimates. — [Source](https://www.businesstoday.in/markets/stocks/story/adani-power-shares-brokerages-see-up-to-38-upside-potential-check-targets-563844-2026-10-27)
- 2026-10-26 — The Hindu: **Imported coal costs jump 50% for Adani Power; tariff recovery to take over 6 months** — Adani Power’s imported-coal bill surged in the second quarter of FY27, with landed coal costs rising around 50 per cent year-on-year — [Source](https://www.thehindubusinessline.com/economy/imported-coal-costs-jump-50-for-adani-power-tariff-recovery-to-take-over-6-months/article71626139.ece)
- 2026-10-25 — FREEPRESSJOURNAL.IN: **Nashik: Daily Flights To Four Cities Under Winter Schedule; More Routes Planned Ahead Of Kumbh** — According to the new schedule, the Bengaluru flight, which previously operated four days a week, will now run daily. On the Hyderabad route, the 78-seater aircraft has been replaced by a larger 180-seater plane. The two flights to Delhi, each with a seating capacity of 232, remain unchanged. The Ahmedabad service will continue to operate with a 78-seater aircraft — [Source](https://www.freepressjournal.in/pune/nashik-daily-flights-to-four-cities-under-winter-schedule-more-routes-planned-ahead-of-kumbh)
- 2026-10-25 — FREEPRESSJOURNAL.IN: **Nepal Earns NPR 5.93 Billion From Electricity Exports To India Despite Flood Damage** — Nepal earned NPR 5.93 billion from electricity exports to India during mid-September to mid-October 2026, up NPR 962 million year-on-year. Despite flood damage disrupting hydropower generation, exports reached 633.99 million units. Total earnings for the fiscal year — [Source](https://www.freepressjournal.in/business/nepal-earns-npr-593-billion-from-electricity-exports-to-india-despite-flood-damage)

## Business profile

**Strategic vision:** Generates electricity through thermal and solar power projects.

### Business segments
- **Thermal Power Generation:** Operates thermal power plants strategically located across multiple Indian states, providing power to industrial and residential consumers.
- **Solar Power Generation:** Operates a solar power project situated in Gujarat, contributing to the company's electricity generation capacity.

### Competitive strengths
- Operates a significant power generation capacity across multiple states.
- Engages in both thermal and solar power generation.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/adanipower
Markdown representation: https://faxioms.com/stocks/adanipower?render=md