Adani Power Share Price Jumps 6.5% on Bhutan Hydroelectric Deal

Adani Power’s Share Price Jumps: Here’s What’s Driving It

Adani Power’s share price is up by about 7.7% in just two days (ending at ₹648.3 on the BSE on Tuesday and ₹637.50 today). The share price hike came to light after the Bhutan project announcement. Furthermore, this sudden pull-up is also a result of another significant development at Adani Power. So, what are these big happenings? And what is the impact of them on Adani Power internationally in the future? Learn more.What Is Happening at Adani P…

Adani Power Share Price Jumps 6.5% on Bhutan Hydroelectric Deal

Adani Power (NSE: ADANIPOWER) lit up the markets on Tuesday, climbing as much as 6.5% intraday to ₹649.6 after the company inked a landmark shareholders’ agreement with Bhutan’s Druk Green Power Corporation. By mid-session, shares cooled to around ₹637.8, still 4.6% higher on the day, lifting the company’s market value to nearly ₹2.5 trillion. The move extends a recovery trend that has seen the stock surge nearly 50% from its 52-week low. Why th…