• Shares of Adani Power Limited rise up to 17%


• Shares may reach ₹185 per share


• Coal plays an important role in meeting the electricity demand

Adani Power Share News In Marathi : An important update for investors is coming out from the stock market. International brokerage firm Morgan Stanley has forecast a rise of up to 17% in shares of Adani Power Limited, an Adani Group company. According to the Economic Times, the company thinks the shares could go as high as ₹185 per share. Morgan Stanley has maintained its Overweight (Buy) call on Adani Power. The firm says there are several positive factors for the company’s growth in the coming quarters. Let’s find out the exact reasons behind this…

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The role of coal

Coal will continue to be a very important resource for India’s energy security. Coal plays an important role in meeting the growing electricity demand, especially during evening hours. Adani Power Limited (APL) is India’s largest independent power producer (IPP). It is the second largest developer in the thermal power sector after NTPC. Currently, Adani Power has approximately 8% market share in both coal-fired power generation capacity and generation.

Market share will increase

According to Morgan Stanley, Adani Power is well positioned to take full advantage of future thermal power capacity expansion. The company’s market share is estimated to increase to 15% by FY 2032. This growth will be enabled by the company’s portfolio of 41.9 gigawatts (GW), which is 2.5 times the FY2025 level. Moreover, Adani Power has resolved most of its major regulatory issues, paving the way for its future growth.

Strong purchase agreement

The company has strengthened its contractual power purchase agreements (PPAs). New PPAs have been signed for Bitubori (500 MW) and Pirpanti (2.4 GW). Letters of Award (LoA) have also been received for Raipur (570 MW) and Anupur (1.6 GW). The company’s PPA bid pipeline now has a capacity of approximately 22 GW, up from 17 GW previously. The company’s balance sheet is considered one of the strongest in the sector.

The income of the company will increase

Recent PPA rates ranging from ₹5.8 to ₹6.2 per unit and higher capacity charges of around ₹4 per kilowatt hour (kWh) will help Adani Power generate a normalized EBITDA of ₹3.5 per kilowatt hour. This trading spread (profit from selling power in the market) is significantly better than ₹2.5 per kWh. Analysts said in a report on November 6 that this strengthens the company’s earnings and cash flow forecasts.

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What is the current share price?

Shares of Adani Power fell on Thursday. It closed at ₹158.45 on Wednesday and opened at ₹158.45 on Thursday. Transactions continued to fall throughout the day. Although there were some gains, it could not move past ₹158.50 by 3 pm. At 3 pm, the share price was at ₹153.65, down nearly 3%.

(Note- Investors should consult qualified experts before taking any investment decision, as stock market conditions can change rapidly. )