Adani Power and Adani Green Energy will sign separate contracts with MSEDCL for their respective supply component as permitted under the tender conditions.

Adani Power and Adani Green Energy shares surged after securing a Letter of Intent for a combined 6,600 MW of hybrid solar and thermal power from Maharashtra State DISCOM.

Adani Power shares surged over 5% after winning a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra at Rs 4.08 per unit, beating competitors like JSW Energy. Adani Green Energy shares also jumped by over 7%,

Shares of Adani Green Energy rose 6.40% to Rs 1,902.65, and Adani Power increased 6.45% to Rs 674.30. This follows the Adani group's receipt of a Letter of Intent from Maharashtra State DISCOM for 6,600 MW of hybrid solar and thermal power.

Adani Power and Adani Green Energy will supply 6,600 MW of solar and thermal power to Maharashtra, strengthening their role in the state and helping India's shift to renewable energy. The announcement also led to a rise in their stock prices.