Adani Power shares in focus on LoA from Assam Power Distribution for long-term supply

Adani Power has won a major order from Assam Power Distribution Company Ltd to develop a 3,200 MW ultra-supercritical thermal power plant. APDCL will procure the full capacity, with phased commissioning starting December 2030. Morgan Stanley raised its target to Rs 185, citing robust growth, strong PPAs, regulatory clarity, and an expanded portfolio that positions APL for rising market share and earnings.