Adani Power is planning to make an investment totaling Rs 18,400 crore for setting up of 1,600 MW thermal power projects and 1,000 MW solar project in Karnataka. The company’s subsidiary ‘Udupi Power Corporation’ has entered into Memorandum of Understanding (MoU) with Government of Karnataka to set up 2x800 MW Coal based Supercritical Power plant in Karnataka with an investment of Rs 11,400 crore, while Adani Green Energy, a subsidiary of the company has signed Expression of Interest to set up 1,000 MW Solar Power plant in Karnataka with an investment of Rs 7,000 crore.
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 |
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