Adani Power Subsidiary Wins 558 MW PPA

04 Mar 2026 CW Team

Adani Power said its subsidiary Moxie Power Generation Limited has received a Letter of Award from Tamil Nadu Power Distribution Corporation Limited for the supply of 558 megawatts (MW) net of power under a power purchase agreement (PPA) for five years. The company said the contract was awarded following a competitive bidding process and that supply is scheduled to begin on one April 2026. Adani Power described the LoA as part of its strategy to secure long term contracts across its operating portfolio.

Moxie Power operates a 1,200 MW power plant at Tuticorin comprising two units of 600 MW each, both of which now have power supply agreements in place. It emerged as the lowest bidder with a tariff of Rs 5.910 per unit, a level the company said would support competitive supply to the distribution utility. The award brings medium term visibility for the Tuticorin facilities and aligns with operational schedules at the plant.

Adani Power noted that more than 95 per cent of its total operating capacity is secured with medium to long term contracts, providing significant revenue visibility and reducing exposure to short term market volatility. The firm stated that it is aiming to achieve almost 100 per cent PPA tie up for all operational and under commissioning plants in the coming years. Management said the PPA strategy is intended to stabilise cash flows and support planned investments across the generation portfolio.

The agreement is expected to provide Tamil Nadu consumers with an additional 558 MW of reliable power, enhance grid stability and support uninterrupted supply to households, businesses and industries. Securing capacity at a competitive tariff is likely to contribute to more affordable and dependable energy for the region in the years ahead. Adani Power, a part of the Adani portfolio, is the largest private thermal power producer in India with an installed thermal power capacity of 18,110 MW spread across multiple states and a 40 MW solar plant in Gujarat.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..