The largest private thermal power producer in India is Adani Power (APL), a division of the diverse Adani Group. Power produced by these plants is sold by the company and its subsidiaries through a mix of merchant, short-term, and long-term Power Purchase Agreements. In addition to selling merchant power through internal coal logistics, APL provides electricity through long-term Power Purchase Agreements (PPAs) with state electricity boards and industrial customers.
Adani Power Quick Overview
| Particular | Details |
| Company Name | Adani Power Limited |
| Type | Public Listed Company (Part of Adani Group) |
| Industry | Power Generation (Thermal & Solar) |
| Founded | 22 August 1996 |
| Founders | Gautam S. Adani & Rajesh S. Adani |
| Headquarters | Ahmedabad, Gujarat, India |
| Chairman | Gautam S. Adani |
| MD & CEO | Anil Kumar Sardana (MD), Shersingh B. Khyalia (CEO) |
| Core Business | Electricity generation & power trading |
| Installed Capacity | ~15,250 MW (operating) + expansion underway |
| Major Power Plants | Mundra (Gujarat), Tiroda (Maharashtra), Raikheda (Chhattisgarh), Udupi (Karnataka), Kawai (Rajasthan), Godda (Jharkhand) |
| Area Served | India (nationwide) |
| Market Position | Largest private thermal power producer in India |
| Business Model | Long-term Power Purchase Agreements & Merchant Sales |
| Stock Exchange Listing | BSE & NSE |
| BSE Code | 533096 |
| NSE Symbol | ADANIPOWER |
| Regulatory Authority | Central Electricity Regulatory Commission (CERC) & state regulators |
| Official Website | www.adanipower.com |
Net Worth and Market Cap
As of January 20, 2026, Adani Power’s market capitalization was ₹2,65,068 Cr. As of March 31, 2024, Adani Power’s net worth was ₹43,145.03 crore.
Corporate leadership
Based in Khodiyar, Ahmedabad, India, Adani Power Limited is a worldwide power and energy corporation that is part of the Adani Group.
Overview of Services
The infrastructure and energy portfolio of the Adani Group, which encompasses power generation, distribution, and transmission of renewable energy, and international power exports, includes Adani Power.
This private thermal power company has a 15,250 MW capacity and runs a 40 MW mega solar facility in Naliya, Kutch, Bitta, Gujarat. In Jharkhand, Adani Godda Power is building a 1,600 MW project. With the governments of Gujarat, Haryana, Maharashtra, Rajasthan, Karnataka, and Punjab, the firm has long-term power purchase agreements totaling approximately 9,153 MW.
Scale of Operations
Using coal-fired technology, APL generates thermal power and provides electricity for both base load and peak demand. Supercritical and ultra-supercritical technology is used in more than 74% of APL’s generation portfolio.
Capacity for Power Generation17,550 MW of operational capacity
- 4,520 MW of under-construction projects
- ** – 8,600 MW of planned capacity growth
- By 2032, the total target capacity is 30,670 MW.
Across seven Indian states, APL owns and runs a number of sizable power facilities that are ideally situated to effectively meet local demand.
