Adani Power Ltd has raised its long-term installed capacity target to 41.87 gigawatts (GW) by FY32 and committed capital expenditure of around Rs 2 lakh crore, signalling one of the most aggressive private-sector expansion plans in India’s thermal power industry.

Sources said the company has lined up a sharp expansion strategy to support India’s multi-decade rise in electricity demand, as power consumption continues to grow across industrial, commercial and residential segments.

The revised target represents a significant step-up from Adani Power’s earlier plan of achieving 30.67 GW capacity by FY30, underscoring the company’s increased focus on scale and long-term capacity addition.