Adani Power zooms on the BSE
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Adani Power is currently trading at Rs. 673.20, up by 39.65 points or 6.26% from its previous closing of Rs. 633.55 on the BSE.
The scrip opened at Rs. 660.95 and has touched a high and low of Rs. 681.30 and Rs. 650.15 respectively. So far 718292 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 896.75 on 03-Jun-2024 and a 52 week low of Rs. 289.30 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 681.30 and Rs. 621.20 respectively. The current market cap of the company is Rs. 260208.39 crore.
The promoters holding in the company stood at 72.71%, while Institutions and Non-Institutions held 16.16% and 11.13% respectively.
Adani Power (APL) is all set to sign a long-term Power Supply Agreement (PSA) with Maharashtra State Electricity Distribution Company (MSEDCL) for supply of 1496 MW (net) thermal power to Maharashtra state from a new 1600 MW Ultra-supercritical thermal power project.
The state of Maharashtra has been at the forefront of India's solar energy landscape and has played a pivotal role in enhancing the national renewable energy capacity. The thermal capacity has been awarded to APL on Design, Build, Finance, Own and Operate (DBFOO) basis with sourcing of fuel from coal linkages allocated under Para B (iv) of the SHAKTI Policy. Under the terms of the Award, APL will enter into a 25-year Power Supply Agreement with MSEDCL for supply of 1496 MW of electricity (net of auxiliary consumption) on long term basis from a new thermal power plant having installed capacity of 1600 MW (2x800 MW) to be set up utilizing Ultra Supercritical technology. Power supply under the proposed PSA will commence three and a half years after the Appointed Date as defined thereunder in case of Unit 1 (800 MW) and four years in case of Unit 2 (800 MW).
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.
