IIFL Capital bullish on Adani Power
Analysis based on 6 articles · First reported Jul 07, 2026 · Last updated Jul 07, 2026
The report may boost investor confidence in Adani Power, potentially lifting its stock price. It reinforces the company's growth narrative in the Indian power sector.
Si Creva Capital Services published a report on July 7, 2026, highlighting Adani Power's strong earnings potential, execution capabilities, and expansion pipeline. The brokerage expects the company's operating capacity to more than double from 18.2 GW to over 40 GW, driven by a 23.7 GW under-construction pipeline and acquisitions of stressed thermal assets at discounted valuations. IIFL forecasts a 20% EBITDA CAGR between FY26 and FY29, with margins expanding to over 42%. The report notes that thermal power will remain essential for India's baseload electricity through at least FY35.
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