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Adani Power rockets nearly 50 in 2026 becoming Indias top valued power firm
Business
Published on 11 May 2026
What helped it beat NTPC after the big jump
Adani Power has surged nearly 50% in 2026 to become India’s most valuable listed power company, overtaking NTPC. Investors point to stronger earnings, rising electricity demand, high plant load factors, new tariff-backed power purchase agreements, and growing institutional ownership. The rally looks like a re-rating story, though valuation and downside risks still linger.
- Adani Power overtakes NTPC as top valued listed power firm
- Earnings growth, demand pickup and high PLFs are key drivers
- New tariff PPAs and rising institutional ownership fuel re rating
- Valuation risk remains a watch item despite the rally
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times