Adani Power Stock Rally: Shares of Adani Energy Solutions climbed more than 9% on Thursday. The company’s shares reached an intraday high of Rs 881.40 today. There is a big deal behind this rise in shares. Adani Energy Solutions announced the acquisition of Special Unit Mahan Transmission for the project on Thursday.
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What is Companey Said on Adani Power Stock Rally
The company said in a stock exchange filing that it has entered into a share purchase agreement with REC Power Development and Consultancy Limited for the acquisition of 100 per cent shares of Mahan Transmission Limited (MTL) on26 March 2025.
Adani Power Stock Rally: What are the Details
According to the information, these shares were acquired in cash at a face value of Rs 10 per share. The acquisition has been completed and the total authorized and paid-up share capital of MTL is Rs 5 lakh. MTL is formed in India. It was registered with the Registrar of Companies (New Delhi) on 20 November 2024. MTL will add 1,230 MW of power from Adani Power’s upcoming 1,600 MW expansion units at Mahan in the Singrauli district to the state grid.
Adani Power Stock Rally Performance
Adani Energy Solutions is part of the BSE 200 index. According to analytics, its shares have fallen 14 percent in one year, 18 percent in two years and 64 percent in three years. The stock has jumped 367 percent in 5 years. The market cap of Adani Energy Solutions is Rs 1,04,974.08 crore.
Adani Power Share
Today, shares of Adani Power also rose more than 5% and reached an intraday high of Rs 523.90. There is a big reason behind this rise in shares.
Bangladesh said that Indian billionaire Gautam Adani’s power production unit has resumed full power supply to the country, four months after halving the supply due to non-payment of dues.
What are the Details of Adani Power?
“We are making regular payments to Adani and getting power as per our needs,” Bangladesh Power Development Board chairman Rezaul Karim said on Thursday. He did not disclose the amount of payments or whether past dues had been cleared. Data from BPDB shows Adani has increased power supply more than two weeks ago.
Adani Power Ltd. halved supply from its 1,600-megawatt coal-fired plant in the Indian state of Jharkhand in November,Because payments were missed several times by Dhaka, which is grappling with a foreign exchange crisis amid governance turmoil. Restoring supplies will help Bangladesh avoid blackouts during the scorching summer months, when temperatures can reach 38 degrees Celsius (100.4 degrees Fahrenheit) or more.
Adani Energy Solutions Financial Performance
Let us tell you that the consolidated net profit of Adani Energy Solutions increased by about 80 percent to Rs 625.30 crore in the December quarter. The company said in a notice to the stock market that it earned a consolidated net profit of Rs 348.25 crore in the December quarter.Total income during the December quarter increased to Rs 6,000.39 crore, from Rs 4,824.42 crore in the same quarter of the previous fiscal.
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