Adani Power's outstanding dues from the Bangladesh Power Development Board fell to $400 million by the end of June. Regular monthly payments of $100 million are helping the company improve its cash flow. Investors are monitoring the ongoing reconciliation process involving the Singapore International Arbitration Centre.
Detailed Coverage
Adani Power has reported a decline in its outstanding receivables from the Bangladesh power market, with dues dropping to approximately $400 million—roughly ₹3,863 crore—as of the end of the June 2026 quarter. This reduction is driven by consistent monthly payments from the Bangladesh Power Development Board, which have recently exceeded the company’s monthly billing requirements.
Cash Flow and Operational Updates
Adani Power CEO SB Khyalia confirmed that the company is receiving steady payments of about $100 million each month from the Bangladesh utility. This improved collection cycle is strengthening the company's liquidity position. The Godda thermal power plant in Jharkhand, which is a 1,600 MW ultra-supercritical facility, remains the primary source for these cross-border electricity supplies. This project is significant as it operates under a long-term power purchase agreement established in 2017 and is designated as a special economic zone project.
Reconciliation and Arbitration Status
The company’s path to full recovery involves an ongoing reconciliation process. Adani Power has initiated proceedings with the Singapore International Arbitration Centre to address specific outstanding reconciliation matters. According to recent company updates, an expert has been appointed by the arbitration body, and representatives from both Adani Power and the Bangladesh Power Development Board are collaborating with the expert to settle these items. Management has stated that they do not expect negative outcomes from this process and maintain a positive outlook regarding the recovery of the remaining balance.
Historical Performance Context
This trend of reducing dues follows a period of higher exposure. In the first quarter of the previous financial year, receivables from the Bangladesh operations reached their highest levels. A notable one-time payment received during the June-July period of the prior year was instrumental in bringing down the overall outstanding amount. As the company continues to monitor collections, the focus for investors remains on the regularity of these monthly payments and the progress of the discussions facilitated by the arbitration expert, which will determine the final resolution of the remaining reconciliation issues.