VIPL operates a 2×300 MW domestic coal-fired power plant in Butibori, Nagpur district, Maharashtra. The company was undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). Adani Power’s resolution plan was approved by the Mumbai Bench of the National Company Law Tribunal (NCLT) on June 18, 2025, and was successfully implemented on July 7, 2025.
“As we continue expanding our portfolio, we remain committed to supporting India’s vision of ‘Electricity for All’ by delivering reliable, affordable base-load power that fuels the country’s sustainable growth,” said SB Khyalia, Chief Executive Officer, Adani.
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Adani Power shares price target
According to Trendlyne data, the average target price for Adani Power shares is Rs 634, indicating an upside of about 6% from current levels. The consensus rating from three analysts is a ‘Strong Buy’.
While the stock has declined 15% over the past 12 months, it has delivered a 145% return over the past two years. Adani Power currently commands a market capitalisation of Rs 2,29,912 crore.
The Relative Strength Index (RSI) stands at 64.2, suggesting the stock is neither oversold nor overbought. (RSI below 30 indicates oversold conditions; above 70 signals overbought.) The MACD is at 7.1, positioned above both its centerline and signal line—typically viewed as a bullish sign.
The stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs), indicating continued upward momentum.
Adani Power Ltd. (APL), India’s largest private thermal power producer, has an installed capacity of 18,150 MW across eight states, along with a 40 MW solar plant in Gujarat.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
