Adani Power Limited: Credit Rating Upgrade and AGM Preparations

Credit Rating Upgrade

On 1 September 2026, Adani Power Limited (APL) notified the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of a credit rating event. The notice, issued in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, informs shareholders that India Ratings and Research (Ind‑Ra) has upgraded APL’s Non‑Convertible Debentures (NCDs). The formal communication includes the company’s corporate address in Ahmedabad, contact details, and the scrip code (533096) for BSE and ADANIPOWER for NSE.

Annual General Meeting (AGM) Notice and Annual Report

In the same week, APL sent a separate notice to BSE regarding the 47th Annual General Meeting (AGM) and the Annual Report for the fiscal year 2025‑26. The notice was dispatched electronically to shareholders on 1 September 2026 and is also available in hard copy. The AGM is scheduled for 25 September 2026 at 15:00 Hrs. (IST) and will be conducted via Video Conference (VC) or other audio‑visual means (OAVM). The AGM documents include:

  • Full Annual Report for FY 2025‑26
  • AGM notice
  • Relevant schedules and disclosures required under SEBI Regulation 30 and 34

The AGM notice was issued by the registered office at 14th Floor, Cignus, Plot No. 71A, Kailash Nagar, Mayur Nagar Passpoli, Powai, Mumbai, and the corporate office at Ground Floor, Mithona Towers‑1, 1‑7‑80 to 87, Prenderghast Road, Secunderabad, Telangana.

Company Profile (Key Fundamentals)

  • Sector: Utilities
  • Industry: Independent Power and Renewable Electricity Producers
  • Primary Exchange: National Stock Exchange of India
  • Market Capitalisation: ₹3,818,369,581,056
  • P/E Ratio: 29.91
  • Closing Price (30 Aug 2026): ₹198
  • 52‑Week High: ₹254.2 (28 May 2026)
  • 52‑Week Low: ₹120 (10 Sep 2025)
  • Operational Footprint:
  • Total installed and commissioned capacity: 18,150 MW
  • Coal‑based plants: 4,620 MW at Mundra (Gujarat), 3,300 MW at Tiroda (Maharashtra), 1,320 MW at Kawai (Rajasthan), 1,200 MW at Udupi (Karnataka), 600 MW at Raigarh and Korba (Chhattisgarh), 1,370 MW at Raipur (Chhattisgarh), 1,200 MW at Mahan (Madhya Pradesh), 1,200 MW at Mutiara (Tamil Nadu), 1,600 MW at Mirzapur (Uttar Pradesh), 500 MW at Dahanu (Maharashtra), and 1,600 MW at Godda (Jharkhand).
  • Solar plant: 40 MW at Bitta (Gujarat)
  • Additional Operations: Coal import, supply, and trading
  • Founded: 1988
  • Headquarters: Ahmedabad, Gujarat

The credit rating upgrade reflects Ind‑Ra’s assessment of the company’s financial strength and debt servicing capacity. The forthcoming AGM will provide shareholders with an opportunity to review the full financial performance of FY 2025‑26, discuss strategic initiatives, and address governance matters.