Adani Power Powers Up: Bangladesh Dues Cleared, Projects on a Charge

Adani Power just got a $384 million cash boost from Bangladesh — settling a chunk of long-standing cross-border payments. This strengthens their liquidity position and signals that their 25-year supply deal is solid and functional. Fundamentals Look Charged Revenue and EBITDA continue to scale steadily PLF improving, indicating better asset utilization Balance sheet getting leaner — debt ratios have improved Retained earnings support upcoming capex cycles Expansion Pipeline Multiple large-scale thermal projects under execution — Sonbhadra, Singrauli, and more in MP, Chhattisgarh, and UP Aggressive capacity build-out with modern ultra-supercritical units Integration potential with Adani Green's renewables and pumped hydro underway Investor Takeaway Adani Power is stepping into a phase of operational maturity + expansion mode. The Bangladesh payment not only improves cash flow but de-risks cross-border exposure. With PPAs in place and merchant tariffs favorable, medium-term visibility looks strong. Key risks: Coal cost volatility, regulatory hurdles, and zero dividend payout for now. But if you're eyeing long-duration plays in India's power sector, this one’s staying on the radar.