Adani Power lit up Dalal Street on Wednesday, with its stock surging over 5% to ₹523.40 after posting a steady 7.38% year-on-year rise in net profit for Q3FY25, hitting ₹2,940 crore. While profits dipped 10.8% sequentially, the company’s revenue edged up 5.23% YoY to ₹13,671 crore, driven by operational resilience despite softer merchant tariffs and lower coal import prices. EBITDA surged 23.5% to ₹6,185 crore, though quarterly growth slowed compared to the first nine months of FY25. The company remains bullish on scaling up, with CEO S B Khyalia reaffirming its goal of crossing 30 GW in generation capacity by 2030. With ongoing projects progressing rapidly, a secured supply chain, and long-term power purchase agreements (PPA) in place, Adani Power is positioning itself to tap into India’s rising energy demand. On the financial front, the company is supercharging its war chest, doubling its Non-Convertible Debenture (NCD) fundraising limit to ₹11,000 crore while greenlighting ₹5,000 crore via a Qualified Institutional Placement (QIP). Investors welcomed the move, fueling optimism about future expansion.