India, Aug. 30 -- Adani Power Ltd. and Torrent Power Ltd. secured separate contracts worth a total of Rs.32,500 crore (about $3.7 billion) from Madhya Pradesh to build coal-fired power plants, underscoring India's continued reliance on the fossil fuel to meet its energy needs.

MP Power Management Co. Ltd. awarded Torrent Power a Rs.22,000-crore contract for a 1,600 MW ultra-supercritical plant, according to an exchange filing on Saturday. Adani Power won a Rs.10,500-crore contract to construct an 800 MW coal-based power plant in the state.

Both companies will supply power from these plants to Madhya Pradesh's power distribution company at tariffs just above Rs.5.8/kWh, the filings showed. Torrent Power said its project marks its largest...