Adani Power is currently trading at Rs. 46.30, up by 0.95 points or 2.09% from its previous closing of Rs. 45.35 on the BSE.
The scrip opened at Rs. 46.55 and has touched a high and low of Rs. 46.70 and Rs. 46.10 respectively. So far 265648 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.50 on 26-May-2014 and a 52 week low of Rs. 31.90 on 30-Jan-2014.
Last one week high and low of the scrip stood at Rs. 48.60 and Rs. 45.20 respectively. The current market cap of the company is Rs. 13325.72 crore.
The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 7.59% and 17.41% respectively.
Adani Power is reportedly likely to buy Korba West Power Company (KWPCL), a wholly owned subsidiary of Avantha Power that has an installed generation capacity of 600 MW in Chhattisgarh and is implementing another 600 MW in the second phase for an enterprise value of about Rs 4,200 crore.
Avantha Power is also in discussions with the consortium of Tata Power and ICICI Venture for its second half--Jhabua Power that is implementing 1,260 MW thermal capacity in two phases of 600MW and 660 MW in Madhya Pradesh.
Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
| View more.. | |
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