Adani Power Ltd Share Price (ADANIPOWER)

Adani Power Witnesses Largest Release of Promoter-Pledged Shares - 23 Apr, 2024

Adani Power saw the largest release of promoter-pledged shares in FY24, with 28.16 crore shares valued at Rs 15,000 crore released from pledge. The company's pledged shares reduced from 72.72 crore to 44.56 crore.

Adani Power Witnesses Largest Release of Promoter-Pledged Shares - 19 Apr, 2024

Adani Power witnessed the largest release of promoter-pledged shares among Adani Group companies in FY24, with around 28.16 crore shares worth Rs 15,000 crore being released.

GQG Partners Invests $1 Billion in Adani Group Companies - 18 Apr, 2024

Rajiv Jain's GQG Partners invested around ₹8,300 crore ($1 billion) in six Adani group companies during Q4FY24. In March 2024 quarter alone, the firm bought shares worth ₹2,138 crore in Adani Power.

Adani Power Receives Notification for Imported Coal Usage - 16 Apr, 2024

The Ministry of Power has allowed Adani Power's Mundra plant and other ICB power plants to use imported coal until October 15, boosting their operational capacity.

Adani Power Share Price Rises - 15 Apr, 2024

Adani Power's share price rose by 0.97% and has climbed 217.32% in the last year. The company reported a net profit of Rs 2737.96 crore for the latest quarter.

Adani Power Shares Deliver Over 200% Return Amid Expansion Plans - 13 Apr, 2024

Adani Power's stock price has risen over 200% in the past year, with plans to expand its thermal capacity to 21GW by FY29. The Indian government's extension of a mandate for imported coal-based power plants to operate at full capacity until October 15 also benefits Adani Power.

Adani Power Stock Sees Interest in Project Bidding and Breakout After Consolidation - 12 Apr, 2024

Adani Power is among the companies showing interest in a fresh round of bidding for the debt-ridden KSK Mahanadi project. The NCLT has vacated a stay on resolution plan proceedings, allowing issuance of fresh expression of interest. Additionally, the stock has given a breakout after four months of consolidation with an expected target price of Rs 700.

Adani Power Shares Fall Amid Weakness in Benchmark Indices - 05 Apr, 2024

Adani Power shares fell 3.73% to Rs 618.15 against the previous close of Rs 642.15 amid weakness in benchmark indices. The stock had risen 24% in the last five sessions and touched a record high of Rs 647. Adani Power is trading in the overbought zone with an RSI of 74.6.

Adani Power Shares Surge to Record Highs Amid Strong Business Outlook and Solar Capacity Commissioning - 03 Apr, 2024

Adani Power's stock has surged by almost 20% in four days, hitting a record high of Rs 611.75. The company commissioned 2,000 MW of solar capacity in Gujarat, making it India's first company with over 10,000 MW of renewable energy capacity. Adani Power aims to add nearly 6 GW of new power assets in the next five years. Analysts expect the stock to continue its northward journey.

Adani Power Stock Surges Following Reliance Industries Deal - 02 Apr, 2024

Adani Power's stock has surged over 13% in three trading days after Reliance Industries acquired a 26% stake in one of its power projects. The stock has hit its 5% upper circuit multiple times this week, indicating strong investor interest. Analysts suggest that the stock looks bullish, with support seen at Rs 560.

Adani Power Shares Surge on RIL Stake Acquisition - 01 Apr, 2024

Adani Power's shares surged by 5% as Reliance Industries acquired a stake in the company's Madhya Pradesh project. The stock opened at ₹547.70 and hit its upper circuit level of ₹560.35.

Reliance Industries Acquires Stake in Adani Power Unit - 29 Mar, 2024

Reliance Industries has acquired a 26% stake in Gautam Adani's Madhya Pradesh power project, Mahan Energen Ltd (MEL), and signed a pact to use the plant's 500 MW of electricity for captive use. RIL will own 26% proportionate ownership in one unit of MEL of 600 MW capacity, with RIL being the captive user of 500 MW generation capacity.

Adani Power Announces Multiple Deals - 28 Mar, 2024

Adani Power announces multiple deals including RIL acquiring a minority stake in Mahan Energen power project, placing an order with BHEL for setting up a thermal power plant, and consolidating short-term loans. The company also signs a 20-year PPA with RIL.

Adani Power Receives Approval for Acquisition of Lanco Amarkantak Power - 27 Mar, 2024

Adani Power is set to acquire 100% stake in Lanco Amarkantak Power, paving the way for strategic consolidation within thermal power generation. The regulatory nod marks a significant milestone in Adani Powers expansion plans. Adani Power shares rose by over 4% following the announcement.

Adani Power Faces Litigation Matter Amidst Acquisition Approval - 26 Mar, 2024

Adani Power receives approval from CCI for its acquisition of Lanco Amarkantak Power. However, shares drop due to fresh litigation over coal transport cost filed by MSEDCL.