Actions Taken in FY 2024-25

• Acquisition of 1,800 MW stressed power plants and 1,320 MW stalled project under Corporate Insolvency Resolution Process to improve their financial viability and revive capacity expansion
• Successfully bid for the acquisition of 600 MW stressed power plant under the Corporate Insolvency Resolution Process to improve its financial viability
• Acquisition of an operational 500 MW thermal power plant to consolidate capacities and expand presence on the Western coast of India
• Acquisition of Stratatech Mineral Resources Pvt. Ltd. and its amalgamation with Mahan Energen Ltd. to enhance fuel availability and generate power reliably at competitive rates
• Initiation of project development work with equipment ordering for 11.2 GW additional thermal power capacity to meet projected power demand by 2030

Performing on our strategy

2,300 MW

Capacity acquired; 15%*

Capitals Deployed

Material Issues

Risks

Material topics:

Actions Taken in FY 2024-25

• Ordering of Ultra-supercritical main plant equipment exclusively for organic expansions to benefit from greater generation efficiency to reduce fuel usage as well as emissions
• Launched a green ammonia co-firing pilot at its 330MW Mundra plant in partnership with IHI and Kowa-Japan under the Japan-India Clean Energy Partnership (CEP) and NEDO’s decarbonisation initiative. The project aims to co-fire up to 20% green ammonia, a carbon-free fuel, reducing CO2 emissions while leveraging ultra-supercritical technology and NOx control. Techno-economic studies indicate scalability across Adani Power units, with Mundra being the first non-Japanese plant selected for this innovation
• Biomass co-firing at Kawai

Performing on Our Strategy

Capitals Deployed

Material Issues

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Actions Taken in FY 2024-25

• Project Beacon to integrate data and analytics for developing long-term analytics capabilities and driving tangible value across plants using AI/ML
• Project Drishti (APM) for implementing AI/ML Predictive & Performance Analytics platform for Asset Performance Management, enabling anomaly detection, real-time monitoring, analysis, simulation and predictive maintenance using advanced pattern recognition
• Extended ACoE to Raipur, Raigarh, Udupi, and Mundra in addition to Tiroda and Kawai, with plans to establish ACoE across all the plants

Performing on Our Strategy

Capitals Deployed

Material Issues

Risks

Actions Taken in FY 2024-25

Implementing O&M strategy through:

• Zero Forced Outage programme to minimise unplanned outages and increase power plant availability
• Unit Cycle Efficiency and KPI benchmarking to optimise fuel consumption, costs and processes
• Project Beacon for data insights-driven performance and quality improvement

Rollout of Asset Performance Management (APM) programme under Cycle 2 to:

Mahan U2, Kawai U1&2, Tiroda U1,2&4, Godda 1&2, Udupi 1&2, Mundra U3,4,5,6,8&9

Ensuring efficient fuel management through:

• Secured coal linkages
• Invested in coal blocks and logistics infrastructure to reduce external dependence and procurement costs
• Implementing stringent quality control measures for consistent coal quality
• Advanced storage management systems to enhance inventory accuracy and reduce losses

Performing on Our Strategy

Capitals Deployed

Material Issues

Risks