Adani Power becomes India's biggest producer of coal-based power
AdPower Limited (Adani Power) has cemented its position as India's largest private coal-based power producer, with an 18,150 MW portfolio across 12 plants. Backed by successful turnarounds of stressed assets, improved financials, and a strong capacity pipeline, the company now targets a 15% market share by FY32. Morgan Stanley has initiated coverage with an 'Overweight' rating.