Adani Power’s board has approved a scheme to amalgamate multiple subsidiaries. Q2 FY26 consolidated revenue reached ₹14,308 Crore. Despite lower tariffs, power sales rose 7.4% to 23.7 Billion Units. Profit After Tax stood at ₹2,906 Crore. New long-term power purchase agreements add 4.5 GW in capacity. The company has set its sights on expanding to 41,870 MW by FY 2031-32.
Amalgamation of Subsidiaries
The Board of Directors at Adani Power has officially approved a scheme for the amalgamation of its wholly-owned subsidiaries with Adani Power Limited (APL). This strategic move, expected to improve operational efficiencies, awaits necessary regulatory approvals.
Q2 FY26 Financial Performance
Adani Power announced its financial results for the second quarter of fiscal year 2026. Key highlights include:
- Consolidated revenue of ₹14,308 Crore.
- Power sales volume increased by 7.4% year-over-year, reaching 23.7 Billion Units.
- Profit After Tax of ₹2,906 Crore.
Capacity Expansion and New Agreements
Adani Power is steadily expanding its generation capacity. The company secured new long-term Power Purchase Agreements (PPAs) totaling 4.5 GW, including:
- 2,400 MW from Bihar DISCOM
- 1,600 MW from Madhya Pradesh DISCOM
- 570 MW from Karnataka DISCOM (by October 2025)
The company also acquired Vidarbha Industries Power Limited, adding 600 MW to its portfolio.
Renewable Energy Focus
Adani Power, in collaboration with Druk Green Power Corp. Ltd. (Bhutan), is setting up a 570 MW hydroelectric project in Wangchhu, Bhutan. A shareholders agreement was signed in September 2025.
Debt Management
The company fully redeemed Unsecured Perpetual Securities (UPS) with a principal amount of ₹478.33 Crore during the quarter.
Future Outlook
Adani Power has increased its targeted capacity expansion to 41,870 MW by FY 2031-32 through brownfield and greenfield projects.
Additional Notes
The Godda thermal power plant continues to operate under a long-term Power Purchase Agreement (PPA) with the Bangladesh Power Development Board (BPDB). Further, it’s worth noting that a share split was executed on September 22, 2025, converting each ₹10 equity share into five shares of ₹2 each.
Source: BSE
