New Delhi, Dec. 23 -- Adani Power Limited (APL) is sharpening its growth ambition by expanding capacity and securing landmark tenders to meet India's rising electricity needs. The company committed a record amount of money to new projects and strengthened its readiness for fuel and technology for next year.

India is entering its most significant surge in power demand in decades. This is due to rapid urban growth, increased factory capacity, and higher disposable income. The peak power needed in the country rose from 250 gigawatts to 400 gigawatts by the year 2032. By 2047, it will exceed 700 gigawatts, Adani Power says. Even with more renewable energy, thermal power remains the backbone of the system. It provides a steady electricity sup...