Shares of Adani Power rise in the morning trade; know why?

Adani Power’s wholly owned subsidiary — Adani Power (Jharkhand) (APJL) has achieved commercial operations of Unit 2 of 800 MW capacity of the 2×800 MW Ultra-supercritical power Project on June 25, 2023, following the successful completion of Reliability Run Tests, as per contract.  Accordingly, APJL will hereinafter export, the entire power generated from the 2×800 MW Godda Ultrasupercritical thermal power plant (USTCPP) on a commercial basis, as per the Power Purchase Agreement, directly to Bangladesh through the dedicated 400 kV transmission lines, with a net capacity of 1496 MW. APJL has a 25-year contract with Bangladesh Power Development Board (BPDB). 

Construction of the Godda USTCPP has been completed despite severe challenges posed by COVID-19 pandemic lockdowns. The project, which has deployed for the first time in India state-of-the-art Ultra-supercritical technology, also incorporates for benign operations Flue Gas Desulphuriser (FGD) and Selective Catalytic Reconverter (SCR) equipment, to minimize emissions and compliance with futuristic norms announced by the Ministry of Environment and Forests and Climate Change (MOEF&CC). 

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 is currently trading at Rs 254.30, up by 3.85 points or 1.52% from its previous closing of Rs 250.65 on the BSE. The scrip opened at Rs 255.00 and has touched a high and low of Rs 257.80 and Rs 253.10 respectively. So far 2,09,846 shares were traded on the counter. 

The BSE group ‘A’ stock of face value of Rs 10 has touched a 52-week high of Rs 432.80 and a 52-week low of Rs 132. Last one week high and low of the scrip stood at Rs 265.65 and Rs 230.95 respectively. The current market cap of the company is Rs 98,159.10 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’s wholly owned subsidiary — Adani Power (Jharkhand) (APJL) has achieved commercial operations of Unit 2 of 800 MW capacity of the 2×800 MW Ultra-supercritical power Project on June 25, 2023, following the successful completion of Reliability Run Tests, as per contract.  Accordingly, APJL will hereinafter export, the entire power generated from the 2×800 MW Godda Ultrasupercritical thermal power plant (USTCPP) on a commercial basis, as per the Power Purchase Agreement, directly to Bangladesh through the dedicated 400 kV transmission lines, with a net capacity of 1496 MW. APJL has a 25-year contract with Bangladesh Power Development Board (BPDB). 

Construction of the Godda USTCPP has been completed despite severe challenges posed by COVID-19 pandemic lockdowns. The project, which has deployed for the first time in India state-of-the-art Ultra-supercritical technology, also incorporates for benign operations Flue Gas Desulphuriser (FGD) and Selective Catalytic Reconverter (SCR) equipment, to minimize emissions and compliance with futuristic norms announced by the Ministry of Environment and Forests and Climate Change (MOEF&CC). 

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 is currently trading at Rs 254.30, up by 3.85 points or 1.52% from its previous closing of Rs 250.65 on the BSE. The scrip opened at Rs 255.00 and has touched a high and low of Rs 257.80 and Rs 253.10 respectively. So far 2,09,846 shares were traded on the counter. 

The BSE group ‘A’ stock of face value of Rs 10 has touched a 52-week high of Rs 432.80 and a 52-week low of Rs 132. Last one week high and low of the scrip stood at Rs 265.65 and Rs 230.95 respectively. The current market cap of the company is Rs 98,159.10 crore. The promoters holding in the company stood at 74.97%, while Institutions and Non-Institutions held 11.71% and 13.32% respectively.