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Adani Power advances with arm inking long term PPA

08 Nov 2017 Evaluate

Adani Power is currently trading at Rs. 34.90, up by 1.10 points or 3.25% from its previous closing of Rs. 33.80 on the BSE.

The scrip opened at Rs. 34.05 and has touched a high and low of Rs. 35.10 and Rs. 33.95 respectively. So far 2,70,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 46.30 on 11-Apr-2017 and a 52 week low of Rs. 23.35 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 36.20 and Rs. 32.80 respectively. The current market cap of the company is Rs. 13,422.00 crore.

The promoters holding in the company stood at 69.47%, while Institutions and Non-Institutions held 23.19% and 7.34% respectively.

Adani Power’s wholly owned subsidiary - Adani Power (Jharkhand) has signed a long term Power Purchase Agreement (PPA). The PPA has been signed for net capacity of 1496 MW with Bangladesh Power Development Board for 25 years.

The power supply under the PPA will be made from a new 1600 MW (2 x 800 MW) Ultra-supercritical, coal based power plant to be set up by Adani Power (Jharkhand) at Godda, Jharkhand.

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.


Adani Power Share Price

204.30 5.90 (2.97%)
20-Apr-2026 11:21 View Price Chart
Peers
Company Name CMP
NTPC 399.20
Tata Power 434.25
Adani Power 204.30
Power Grid Corp 322.05
Torrent Power 1625.40
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