Adani Power Ltd has emerged as the lowest bidder for a 3.2 gigawatt (GW) coal power supply tender issued by the Government of Assam, the company announced during its post-earnings call.

The bid has received regulatory approval from the Assam State Electricity Commission, and the company expects formal confirmation of the award shortly, it said on Thursday.

The tender is part of a larger national pipeline exceeding 22 GW of thermal power projects floated by states such as Rajasthan, Uttar Pradesh, Gujarat, and West Bengal, as governments seek to secure long-term baseload capacity amid growing energy demand and intermittent renewable generation.

In August 2025, Adani Power unveiled investments of around USD 5 billion (approximately Rs 415 billion) in two coal-based power plants, reaffirming its strategy to expand capacity from 18 GW to 42 GW by fiscal year 2032. Of this, 8.5 GW is already secured under long-term power purchase agreements (PPAs).

The company plans to invest about Rs 2 trillion over the next several years to achieve this expansion, with the first 12 GW scheduled for commissioning by fiscal year 2030.

According to a senior company executive, Adani Power has already pre-ordered all major equipment, including boilers, turbines, and generators, with staggered deliveries expected over the next 38 to 75 months.

Separately, the company confirmed that its power dues from Bangladesh have reduced significantly to just 15 days of supply, compared with about USD 900 million in May 2025 and nearly USD 2 billion earlier this year.

With these developments, Adani Power continues to consolidate its position as India’s largest private thermal power producer, aligning with the country’s goal of maintaining energy security while transitioning toward a balanced, diversified power mix.