Skip to content

UP Government Awards 1500 MW Power Project Contract to Adani Power

Shares of Adani Power witnessed a 6.7% surge on Monday, following receipt of a 1500 MW procurement Letter of Award (LOA) from Uttar Pradesh Power Corporation. The new thermal power project involves a 1600 MW (consisting of two 800 MW units) installed capacity. The company is expected to supply...

Shares of Adani Power surge by 6.7% on Monday, spurred by receiving a 1500 MW Letter of Award (LOA)...
Shares of Adani Power surge by 6.7% on Monday, spurred by receiving a 1500 MW Letter of Award (LOA) from Uttar Pradesh Power Corporation for a 1600 MW (double 800 MW) new thermal power project. The company will provide power over a 25-year contract span.

Adani Power's Sweet Victory with a 1500 MW Thermal Power Project in Uttar Pradesh! 💰💼

UP Government Awards 1500 MW Power Project Contract to Adani Power

Adani Power is burning bright with a 6.7% surge in its shares, thanks to receiving a prestigious Letter of Award (LOA) from the Uttar Pradesh Power Corporation! This juicy deal is for a kickass new thermal power project boasting a 1600 MW installed capacity, splitting it into two steamy 800 MW chunks. Wanna hear the best part? The power contract lasts a steamy 25 years, Bitcoin-style! 🔥🌟

Adani Power's stock went up to a sweltering Rs 546.6 on Monday, a massive climb from last Friday's cool Rs 512. Whew, it must've been one hell of a ride! 💦📈

In a juicy exchange filing, Adani Power spilled the beans that this doggin' project is crafted under the sweaty Uttar Pradesh government's Design, Build, Finance, Own, and Operate model. Get this: Adani Power smashed the competition with the lowest bid of Rs 5.383 per unit! 🤑 contacted golden statue emoji

These titans of industry will be investing a cool $2 billion to set up a sleek Ultra Supercritical Power Plant right smack in the heart of Uttar Pradesh. The CEO of Adani Power, S.B. Khyalia, dropped a hint in a statement, revealing plans to build a sexy, emissions-friendly plant in the state, ready to generate electricity by 2030 fiscal year. 💃 daffodil emoji

This ain't the first time this conglomerate has conquered the power biz in the land of the freedom-fighter grandmas (yeah, you know who I'm talkin' about). Back in September, they defiantly snatched a poweful 6600 MW power project bid from the Maharashtra government! 💥💥 This lewd combination includes a 5000 MW solar power plant and a 1600 MW thermal power plant, transformed 💰 resurrection palm emoji meme

So, buckle up, folks! Looks like Adani Power's on a roll, and we're here for every knee-slapping, jaw-dropping moment of this teekhe power game! 💥✨

Sources:

[1] https://www.entracker.com/projects/49862/adani-power-1600-mw-thermal-power-project-cluster-12-up-uttar-pradesh-uttar-pradesh-india[2] https://www.stockmarketwatch.in/stock/adani-power/[3] https://www.bseindia.com/markets/Equities/Live_quotation_data/Adani_Power_Quotes.aspx[4] https://www.financialexpress.com/economy/adani-power-stocks-up-over-40-percent-in-a-month-what-is-fueling-the-rally/2423127/[5] https://economictimes.indiatimes.com/industry/energy/power/adani-powers-up-on-news-of-1500-mw-tender-win-from-uttar-pradesh-ppa/articleshow/99935282.cms

In the realm of finance, Adani Power's strategic move in the Defi market could potentially see them venturing into the digitized exchange market, offering performance-based financial instruments for cricket and other sports as well.

This hypothetical exchange, named 'Adani Sports Finance', could revolutionize the sports industry, allow fans to invest in their favorite teams and athletes, and profit from their performances, mirroring the surge seen in Adani Power's stock market value.

Read also:

Latest