Record 105 Billion Units of Electricity Generated in FY 2025-26
India’s largest private thermal power producer, Adani Power Limited, has achieved significant financial success despite challenging power demand conditions. The company’s consolidated net profit increased by 64 percent year-on-year in the fourth quarter ending March 31, 2026. Simultaneously, the company generated a record 105 billion units of electricity during FY 2025-26, marking the highest production in the organization’s history. Annual revenue growth, improved operational efficiency, and significantly reduced tax expenses served as the key drivers of this success. The company announced this information on Wednesday (29 April), a press release said.
The two units of Adani Power’s 1,600 MW power plant located in Jharkhand, India, are also playing a crucial role in maintaining stability in Bangladesh’s national grid. Adani supplies 10 percent of Bangladesh’s total electricity nationally. On April 22, one unit suddenly shut down due to a serious mechanical fault, resulting in a supply shortage that severely impacted the northern region, particularly Rajshahi and Rangpur areas. Load-shedding reached 10 to 11 hours in some places. Taking into account the public suffering caused by severe load-shedding across the country, Adani quickly completed repair work and restarted the unit on April 27, within 5 days. Adani’s first unit was connected to the national grid in March 2023, and the second unit in June of the same year. Despite having long-outstanding receivables from BPDB, Adani continues to play a leading role in meeting the country’s domestic generation shortfall by maintaining uninterrupted supply.
Institutionally, Adani Power’s post-tax profit in FY 2024-25 was $272.48 million, which increased to approximately $447.77 million in FY 2025-26. Total declared revenue increased by 10 percent from $1.524 billion to $1.676 billion, and EBITDA increased by 27 percent to $681.27 million. For the entire FY 2025-26, net profit increased from $1.336 billion to $1.359 billion, and overall electricity sales volume increased by 3.4 percent from 95.88 billion units to 99.15 billion units.
However, the power sector faced challenging conditions throughout the year. Winter weather and unseasonal rainfall disrupted electricity demand in several states until February, though recovery began in March with the arrival of warmer weather. India’s overall electricity demand for the year increased by only 0.8 percent to 1,709 billion units. Peak electricity demand in FY 2025-26 was 243 GW, compared to 250 GW in the previous fiscal year. Concurrently, due to the growing share of renewable energy in the national grid and weather-related demand uncertainties, the average market rate on power exchanges decreased by 13.7 percent to approximately $0.040 per kilowatt-hour.
Adani Power’s Chief Executive Officer, S.B. Khyalia, said, “As the world goes through another energy price shock, the security and sovereignty of India’s energy supply assume critical importance. Our abundant natural resources, including coal, will power our growth and development for a long time. As India progresses quickly to achieve its renewable energy targets, thermal power is rising to the challenge of stabilising the grid and meeting peak demand.”
Despite these challenges, Despite these headwinds, Adani Power made substantial progress in securing long-term revenue visibility. The company received a Letter of Award from Maharashtra State Electricity Distribution Company Ltd for the supply of 1,600 MW of power for 25 years under a Design, Build, Finance, Own and Operate model. Subsidiary Moxie Power Generation Ltd also signed a 558 MW Power Purchase Agreement with Tamil Nadu DISCOM for five years. Together, these additions bring 95 per cent of Adani Power’s aggregate operating capacity under long and medium-term power purchase agreements, with cumulative expansion capacity tie-ups reaching 13.3 gigawatts — of which 10.4 gigawatts were secured in FY26 alone.
On the construction front, the company’s 23.7 gigawatt expansion programme, targeted for completion by 2032, is progressing on schedule. Mahan Phase-II has reached 86 per cent completion, Raipur Phase-II 54 per cent, and Raigarh Phase-II 47 per cent, while the 1,320 MW Korba Phase-II expansion is set for commissioning in FY2026-27.
Adani Power is India’s largest private thermal power producer. With twelve power plants across Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, the company’s total installed thermal power capacity stands at 18,110 MW, alongside a 40 MW solar power plant in Gujarat.
For more information, please visit www.adanipower.com
