Adani Power wins 2,400 MW thermal power project in Bihar’s Bhagalpur.
Published on 13/09/2025 01:37 PM
Adani Power wins 2,400 MW thermal power project in Bihar’s Bhagalpur.Adani Power has secured a 2,400 MW thermal power project in Bihar’s Bhagalpur district, signing a 25-year supply agreement with the state utility and committing $3 billion in investment.By Sheersh Kapoor September 13, 2025, 1:37:14 PM IST (Updated)2 Min ReadOne of the country’s largest private sector thermal power generator, Adani Power Ltd. has received a Letter of Intent from Bihar State Power Generation Company Ltd for setting up a 2,400 megawatt plant in Pirpainti, Bhagalpur.
The company has signed a 25-year power supply agreement with the state utility for electricity generated from the upcoming greenfield ultra supercritical thermal power plant.
The project, designed on a build, finance, own, and operate basis, will consist of three units of 800 MW each.
The project was awarded following a competitive bidding process in which Adani Power emerged successful by offering the lowest supply rate at ₹6.075 per kilowatt hour. The company plans to invest nearly $3 billion in the plant and its associated infrastructure.
The coal requirement for the facility has been tied up under the Government of India’s SHAKTI policy. According to the company, the project is expected to generate 10,000–12,000 direct and indirect jobs during the construction phase, and around 3,000 jobs once operational.
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The full commissioning of the project is targeted within 60 months.
This agreement builds on the Letter of Award issued in August by Bihar State Power Generation Company on behalf of North and South Bihar power distribution companies.
On Friday, shares of Adani Power closed 3.86% higher at ₹648.75 on the NSE.Continue ReadingFirst Published: Sept 13, 2025 1:36 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsAdani Poweradani power shareorder winshare market today