Adani Power Gujarat Supply Cut: Bajega Bill? Company ne laga diya **15%** ka 'Cut', rates bhi upar!

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AuthorVihaan Mehta|Published at:
Adani Power Gujarat Supply Cut: Bajega Bill? Company ne laga diya **15%** ka 'Cut', rates bhi upar!
Overview

Adani Power ne Gujarat ko supply cut kar diya hai, **15%** kam electricity bhej rahe hain. Aur rate bhi badha diye hain fuel costs ke karan.

Gujarat mein kya chal raha hai? (Power Supply aur Rates)

Ab Gujarat mein bijli ka kya scene hai? Adani Power ne wahan supply 15% kam kar di hai, jisse state ko 13,203 million units hi mil rahi hain. Pichhle saal yeh figure 15,491 MUs tha. State mein consumption thoda badha toh surplus sales 60% tak gir gaye.

Rates kyu badhe? Kaha se aaya refund?

Pehle PPAs mein rates ₹2.35 se ₹2.89 per unit the, par ab naye contracts mein fuel aur logistics cost ke hisaab se yeh ₹4.73 se ₹6.86 tak pahunch gaye hain. Plus, Adani Power ko ₹617.5 crore ka ocean freight refund bhi mil raha hai jo January 2023 se June 2025 ke beech adjust hoga.

National level pe kya plan hai?

Gujarat ke alawa, Adani Power desh bhar mein apni capacity badhane par focus kar raha hai. Company ka target hai FY32 tak thermal power capacity ko 41.9 GW tak le jaane ka. Yeh sab long-term PPAs ke sahare ho raha hai, jismein 95% current aur 55% future capacity covered hai. Haal hi mein Maharashtra mein MSEDCL ke saath 1,600 MW ka deal bhi final hua hai jo FY31 se start hoga.

Valuation aur Risky Factors

Magar valuation par kuch sawaal hain. Stock ka P/E ratio 22.5 se 26.25 hai (early 2026 mein), jo competitors NTPC (14.43 se 23.34) aur JSW Energy (39) se compare karne par mehenga lag sakta hai. Aur December 2025 quarter mein net profit 19.4% gira bhi tha. Purane tariff disputes aur regulatory risks bhi ek factor hain.

Analyst kya keh rahe hain?

Phir bhi, majority analysts positive hain. Average target ₹187 hai aur 'Buy' rating hai. JM Financial ne ₹178 aur Antique Stock Broking ne ₹187 ka target diya hai. India ki badhti power demand aur company ke expansion plans ko dekhte hue, long term mein achha growth expect kar rahe hain.

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