Adani Power’s board has approved a scheme to merge several wholly-owned subsidiaries into the parent company, aiming for greater efficiency and financial strength. In addition, the company announced its Q2 FY26 results, highlighted by a 7.4% increase in power sales volume, ₹14,308 Crore in revenue, and a strong profit after tax of ₹2,906 Crore. New PPAs add 4.5 GW of capacity.
Subsidiary Merger Approved
The Board of Directors has approved a scheme of amalgamation involving several wholly-owned subsidiaries with Adani Power Limited (APL). This move aims to streamline operations and improve resource utilization. The appointed date for the scheme is April 1, 2025, pending regulatory approvals. Key objectives include enhanced scalability, cost optimization, and greater financial resilience.
Financial Performance in Q2 FY26
Adani Power reported a strong performance for the second quarter of fiscal year 2026. Key highlights include:
- Power sales volume increased by 7.4% to 23.7 Billion Units.
- Revenue reached ₹14,308 Crore despite lower tariffs.
- EBITDA remained stable at ₹6,001 Crore.
- Profit After Tax stood strong at ₹2,906 Crore.
Capacity Expansion and New Agreements
The company secured new long-term Power Purchase Agreements (PPAs) totaling 4.5 GW. These include 2,400 MW from Bihar, 1,600 MW from Madhya Pradesh, and 570 MW from Karnataka, expected by October 2025. Adani Power’s total capacity reached 18,150 MW with the acquisition of Vidarbha Industries Power Limited.
Operational Efficiency and ESG Initiatives
Adani Power has increased its targeted capacity expansion to 41,870 MW by FY 2031-32, with projects progressing rapidly. The company also improved its ESG Risk Rating, demonstrating a commitment to sustainability and social responsibility through various initiatives in education, healthcare, and community development.
Source: BSE
