Key Quantitative Figures and Contract Details
The Company has received a Letter of Award from Uttarakhand Power Corporation Limited (UPCL) for:
- 1,234 MW of ex-bus net power supply
- 1,320 MW of installed capacity
- 25-year contract duration under a long-term Power Supply Agreement
The contract was awarded through a competitive bidding process where Adani Power was declared the successful bidder.
Regulatory Conditions and Approvals
The Letter of Award is subject to approval from the Uttarakhand Electricity Regulatory Commission for adoption of tariff under Section 63 of the Electricity Act, 2003.
Timing and Receipt Details
The Letter of Award was formally received by the Company at 05:09 PM on October 13, 2026.
Significant Contract Terms (Annexure A Details)
- Awarding Entity: Uttarakhand Power Corporation Limited (UPCL)
- Basis of Award: As per provisions of the tender floated by UPCL
- Entity Type: Domestic Entity
- Nature of Contract: Long-term ex-bus net supply of thermal power
- Geographic Scope: Domestic
- Execution Timeframe: 25-year power supply period under PSA
- Contract Size: Ex-bus net supply of 1,234 MW (1,320 MW installed capacity)
- Promoter/Group Interest: No interest by promoter/promoter group/group companies in the awarding entity
- Related Party Status: Not a related party transaction, conducted at arm's length
Regulatory Compliance Reference
The disclosure is made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular bearing reference number HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.