Adani Power jumps as its arm signs PPA with MPPMCL to set up 1,320 MW plant

Adani Power Ltd. | Power Generation/Distribution | Power | BSE: 533096 | NSE: ADANIPOWER

28 May 2020 Evaluate

Adani Power is currently trading at Rs. 37.45, up by 0.45 points or 1.22% from its previous closing of Rs. 37.00 on the BSE.

The scrip opened at Rs. 37.60 and has touched a high and low of Rs. 38.15 and Rs. 37.05 respectively. So far 270086 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.75 on 04-Nov-2019 and a 52 week low of Rs. 24.30 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 38.25 and Rs. 32.85 respectively. The current market cap of the company is Rs. 14270.67 crore.

The promoters holding in the company stood at 74.97%, while Institutions and Non-Institutions held 20.67% and 4.35% respectively.

Adani Power’s wholly owned subsidiary company -- Pench Thermal Energy (MP) (formerly known as Adani Pench Power) has signed a Power Purchase Agreement (PPA) with MP Power Management Company (MPPMCL), a government of Madhya Pradesh Undertaking, for procurement of 1230 MW of electricity on long term basis from a new power station of 1320 MW capacity to be set up on Super Critical technology in the State of Madhya Pradesh on Design, Build, Finance, Own and Operate (DBFOO) basis by sourcing fuel from the Allocated Coal linkage under Para B (iv) of the SHAKTI Policy, and the said arrangement has been duly approved by the MP Electricity Regulatory Commission.

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

223.15 -2.00 (-0.89%)

11-May-2026 13:37 View Price Chart

Peers

Company Name	CMP
NTPC	397.25
Tata Power	435.85
Adani Power	223.15
Power Grid Corp	311.30
Torrent Power	1707.00
View more..

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