Adani Power

Adani Power was started as a power trading company in 1996.

2009 – It started generation in July 2009 by RAM implementation of its first 330 MW of 4,620 MW at Mundra. This is the largest single location coal-based power project in India.

2010 – The company commissioned another three 330 MW by November 2010 and country's first supercritical unit of 660 MW on 22 December 2010, making its capacity 1,980 MW.

2011 – On 6 June 2011, it synchronised its second unit of 660 MW bringing the total generating capacity to 2,640 MW and on 2 October 2011, it synchronised its third super critical unit with national grid.

2012 – In February 2012, it commissioned the last unit of Mundra Project to take its capacity to 4,620 MW which made the Mundra TPP the largest privately held thermal power plant in the world and fifth largest on an overall basis, as of March 2012. This plant became the third-largest thermal power plant in the world after its completion.

2013 – In 2013, the company commissioned a 40 MW solar power project in Kutch, Gujarat. This is the largest solar power project in the country and marked the group's entry into the renewable energy sector.

2014 – On 3 April 2014, the company announced the commissioning of the fourth unit of 660 MW at its power plant at Tiroda in Maharashtra, thus emerging as the largest private power producer in India, with an overall installed capacity of 9,280 MW. The fifth unit was commissioned later in 2014.

2015 – the company announced the completion of acquisition of Udupi Power Corporation Limited on 11 May 2015. With this, Adani Power has a total commissioned capacity of 10,440 MW, making the company the largest private power producer in India.

Built by Adani

Mundra Thermal Power Station: 4,620 MW (4×330 MW + 5×660 MW) coal-based thermal power plant at Mundra, Kutch district, Gujarat. It operates first power transmission project of 400 kV Double Circuit Transmission System from the Mundra plant to Dehgam (430 km).

Kawai Thermal Power Station: 1,320 MW (2×660 MW) coal-based thermal power plant at Kawai village, Baran district, Rajasthan.

Tiroda Thermal Power Station: 3,300 MW (5×660 MW) coal-based thermal power plant at Tirora, Gondia district, Maharashtra. It is Maharashtra's largest coal-fired thermal power station.

The company produces 40 MW of solar power in Bitta, Kutch Gujarat. This power plant was commissioned in 2011 within 165 days.

Controversies

Allegations of stock manipulation

In January 2023, Hindenburg Research published the findings of a two-year investigation claiming that Adani had engaged in market manipulation and accounting malpractices; Hindenburg also disclosed that it was holding short positions on Adani Group companies. Bonds and shares of companies associated with Adani experienced a decline in value after the accusations. Adani denied the fraud allegations as unfounded and ill intentioned.