Business Economy


Adani inks deal to supply Bihar with 2,400 MW Electricity for 25 years

Mumbai, Sep 13 (UN) Adani Power Ltd (APL) announced on Saturday that it has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd. (BSPGCL) for supply of 2,400 MW of power from a greenfield ultra super critical plant to be set up at Pirpainti in Bhagalpur district of Bihar.
The company statement mentioned that APL will set up a 2,400 MW ultra supercritical power plant in Bihar at an investment of around Rs 26,482 crore.
The development came after a Letter of Award (LoA) was issued by BSPGCL to APL on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) in August, according to a company statement.
Adani Power won the project by offering the lowest supply rate at Rs 6.075 per KWh.
The company plans to invest approximately $3 billion to build the new plant (800 MW X 3) and its supporting infrastructure under the Design, Build, Finance, Own, and Operate (DBFOO) model.
The coal linkage for the power plant has been allocated under the SHAKTI Policy of the Government of India. The project will generate direct and indirect employment of around 10,000 people during the construction phase and around 3,000 people once the power plant begins operations after 60 months, according to the company statement.
Construction is set to start in the coming months, and both Adani Power and BSPGCL have committed to completing the project on time while following all environmental and safety regulations.
The project will play a key role in ensuring that Bihar has a steady supply of electricity in the years ahead, helping both industrial growth and daily power needs for people in the state, according to the statement.
UNI XC RN
More News

Waaree Energies announces India’s largest 10 GW integrated ingot, wafer manufacturing facility in Nagpur

14 Mar 2026 | 8:31 PM

Nagpur, March 14 (UNI) Waaree Energies Limited, a leading global clean energy transition company, today marked a major milestone in India’s journey toward energy security and manufacturing self-reliance with the groundbreaking ceremony of its upcoming integrated solar ingot and wafer manufacturing facility at Butibori in Nagpur.

see more..

Tata Motors CV bags orders for 5,000 buses across India

14 Mar 2026 | 7:12 PM

Mumbai, March 14 (UNI) Auto major Tata Motors Commercial Vehicles Ltd has informed in a regulatory filing to the stock exchanges that it has won a cumulative pan-India order of over 5,000 buses from multiple state transport undertakings.

see more..

Telangana CM to inaugurate Rs 300 Cr Palm oil processing factory in Siddipet District soon

14 Mar 2026 | 6:45 PM

Siddipet (Telangana), March 14 (UNI) Telangana Chief Minister Revanth Reddy will inaugarate the state-of-the-art palm oil processing factory at Narmetta in this district.

see more..

US based Cambridge Isotope Laboratories & Chemtatva Chiral Solutions to invest Rs 300 Cr in Telangana

14 Mar 2026 | 6:19 PM

Hyderabad, Mar 14 (UNI) Cambridge Isotope Laboratories, Inc. (CIL), a global leader in stable isotope–labelled compounds, in collaboration with Hyderabad-based speciality chemicals manufacturer Chemtatva Chiral Solutions Pvt Ltd., on Saturday announced a strategic joint venture to establish advanced manufacturing capabilities in Telangana.

see more..

Tredence officially opens Hyderabad AI Hub

14 Mar 2026 | 4:40 PM

Hyderabad, Mar 14 (UNI) Tredence, a global leader in data science and AI-driven solutions, officially inaugurated its new 20,000 sq. ft. Delivery & Innovation Centre in Hyderabad, reinforcing the city’s position as a premier hub for AI and life sciences innovation.

see more..