Adani Power rises on inking power supply agreement with M/s MPSEZ Utilities
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Adani Power is currently trading at Rs. 196.70, up by 0.45 points or 0.23% from its previous closing of Rs. 196.25 on the BSE.
The scrip opened at Rs. 199.70 and has touched a high and low of Rs. 199.70 and Rs. 193.55 respectively. So far 866515 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 432.80 on 22-Aug-2022 and a 52 week low of Rs. 132.55 on 28-Feb-2023.
Last one week high and low of the scrip stood at Rs. 199.70 and Rs. 185.10 respectively. The current market cap of the company is Rs. 76116.69 crore.
The promoters holding in the company stood at 74.97%, while Institutions and Non-Institutions held 11.71% and 13.32% respectively.
Adani Power has entered into a Long-term Power Supply Agreement with M/s MPSEZ Utilities (MUL) for a capacity of 360 MW to be supplied from the company’s 4,620 MW power plant at Mundra, Dist. Kuchchh, Gujarat for 15 years.
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.
