Adani Power Stock Price Target 2025 to 2040:- Adani Power Limited, a part of the Adani Group, is India’s largest private thermal power producer. With its massive installed capacity and focus on expanding power generation through coal-based plants and renewable integration, Adani Power is a key player in India’s energy sector.
In recent years, the adani power stock price has shown significant volatility but also long-term growth potential due to rising electricity demand, infrastructure expansion, and the government’s push for energy security. Investors are keen to know how the stock might perform in the coming years, from 2025 to 2040.
This blog explores the Adani Power stock price target year by year, along with growth drivers, risks, and whether it is a good long-term bet for investors.
Company Overview – Adani Power at a Glance
- Parent Group: Adani Group
- Sector: Power Generation & Distribution
- Installed Capacity: Over 13,650 MW (as of FY2024)
- Key Business Areas:
- Thermal Power Generation
- Renewable Energy Expansion
- Transmission & Distribution
- Market Position: Largest private thermal power company in India
The company has also expanded through acquisitions, such as Essar Power’s assets, boosting its market presence.

Past Performance of Adani Power Stock Price
The adani power stock price has delivered stellar returns in recent years. Between 2020 and 2023, the stock rose sharply due to:
- Increasing electricity demand post-COVID recovery.
- Government focus on 24×7 electricity supply.
- Strong earnings and reduced debt levels.
Early investors have seen multi-bagger returns, making Adani Power one of the most talked-about stocks in India.
Key Growth Drivers for Adani Power
- Rising Power Demand – India’s electricity demand is expected to double by 2040.
- Renewable Integration – Though a thermal leader, Adani Power is investing in green energy.
- Government Policies – Infrastructure growth and urbanization will drive electricity consumption.
- Strategic Acquisitions – Expanding capacity through takeovers of distressed assets.
- Export Opportunities – Power exports to neighboring countries like Bangladesh and Nepal.
Adani Power Stock Price Target 2025 to 2040 (Year-by-Year Forecast)
Now, let’s break down the possible Adani Power stock price targets from 2025 to 2040, considering industry trends, growth drivers, and challenges.
Adani Power Stock Price Target 2025
- Electricity demand continues to rise with strong economic activity.
- Debt reduction and higher profitability expected.
- Target 2025: ₹600 – ₹650
Adani Power Stock Price Target 2026
- Expansion in capacity and strong operational performance.
- Exports to Bangladesh and Nepal may add revenue.
- Target 2026: ₹700 – ₹760
Adani Power Stock Price Target 2027
- Focus on renewable integration improves ESG profile.
- Domestic demand from industries surges.
- Target 2027: ₹780 – ₹850
Adani Power Stock Price Target 2028
- Government push for infrastructure and housing fuels power demand.
- Steady profit growth supports valuation.
- Target 2028: ₹860 – ₹950
Adani Power Stock Price Target 2029
- New acquisitions in thermal and renewable projects.
- Consistent revenue growth.
- Target 2029: ₹1,000 – ₹1,080
Adani Power Stock Price Target 2030
- By 2030, India aims to become a global economic power.
- Power demand from EVs and digital infrastructure adds growth.
- Target 2030: ₹1,150 – ₹1,250
Adani Power Stock Price Target 2031
- Greater contribution from renewable energy.
- Improved margins and government contracts.
- Target 2031: ₹1,300 – ₹1,400
Adani Power Stock Price Target 2032
- Diversification into new geographies and exports.
- Higher capacity utilization.
- Target 2032: ₹1,450 – ₹1,580
Adani Power Stock Price Target 2033
- Stable earnings growth as power demand strengthens.
- ESG investments attract global investors.
- Target 2033: ₹1,600 – ₹1,750
Adani Power Stock Price Target 2034
- Significant expansion in renewable energy operations.
- Reduced debt increases valuation multiples.
- Target 2034: ₹1,800 – ₹1,950
Adani Power Stock Price Target 2035
- By 2035, India’s power consumption will almost double.
- Adani Power expected to remain a dominant private player.
- Target 2035: ₹2,000 – ₹2,200
Adani Power Stock Price Target 2036
- Increasing exports and private sector partnerships.
- Profit growth remains steady.
- Target 2036: ₹2,250 – ₹2,400
Adani Power Stock Price Target 2037
- Demand from industrial corridors and smart cities.
- Enhanced digital infrastructure requires stable energy supply.
- Target 2037: ₹2,450 – ₹2,650
Adani Power Stock Price Target 2038
- Technological advancements in energy production.
- Green energy expansion gives long-term sustainability.
- Target 2038: ₹2,700 – ₹2,950
Adani Power Stock Price Target 2039
- By 2039, India’s renewable capacity may surpass expectations.
- Adani Power benefits as an integrated energy player.
- Target 2039: ₹3,000 – ₹3,300
Adani Power Stock Price Target 2040
- India becomes one of the world’s top three economies.
- Adani Power plays a critical role in meeting national and export demand.
- Target 2040: ₹3,400 – ₹3,800
Risks That May Impact Adani Power Stock Price
- High Dependence on Thermal Power – ESG risks remain high.
- Debt Levels – Although reducing, high leverage is still a risk.
- Regulatory Risks – Policy shifts toward renewable could impact valuations.
- Global Competition – Other private power producers may enter aggressively.
Long-Term Investment Perspective
- Short-Term Investors (2025–2027): May experience volatility due to regulatory and market sentiment.
- Medium-Term Investors (2028–2032): Likely steady growth as demand rises.
- Long-Term Investors (2035–2040): Strong potential for multi-bagger returns if company continues expansion and manages debt efficiently.
FAQs on Adani Power Stock Price
Q1. What is the Adani Power stock price target for 2025?
The adani power stock price target for 2025 is expected between ₹600 – ₹650.
Q2. What is the Adani Power stock price target for 2030?
By 2030, the adani power stock price could reach ₹1,150 – ₹1,250.
Q3. What is the Adani Power stock price target for 2040?
By 2040, the adani power stock price is projected to be ₹3,400 – ₹3,800.
Q4. Is Adani Power a good stock for long-term investment?
Yes, given India’s rising electricity demand, Adani Power can be a solid long-term pick, but risks around debt and ESG should be considered.
Q5. Does Adani Power invest in renewable energy?
Yes, the company has been gradually expanding into green and renewable energy projects alongside its thermal power plants.
Conclusion
The future of the adani power stock price looks promising, backed by India’s growing electricity demand, strategic acquisitions, and expansion into renewable energy. From an estimated ₹600 in 2025 to nearly ₹3,800 by 2040, the stock shows strong potential for long-term investors.
While risks such as high debt levels and reliance on thermal power remain, Adani Power’s strong market presence and expansion strategy make it a key player in India’s energy future.