Adani Power shares jumps 5% after MSEDCL awards 1,600 MW long-term supply contract

Adani Power's shares rose 5% after securing a 1,600 MW thermal power supply deal with MSEDCL. The company will supply power from an upcoming ultra-supercritical project at a tariff of Rs 5.30/kWh, commencing in FY30-31. This win boosts Adani Power's secured capacity and supports India's thermal power expansion goals.