Shares of Adani Power and Adani Green Energy surged by 5% each after securing a major contract to supply 6,600 MW of power to Maharashtra’s electricity board.
Adani Green will provide 5,000 MW of solar power, while Adani Power will supply 1,496 MW of thermal power from its new ultra-supercritical plant. Adani Green’s order is the world’s largest solar power capacity award. Both companies will sign long-term contracts with Maharashtra State DISCOM, with Adani Power entering a 25-year agreement for thermal power supply.